Solana ETF Launch Ignites Market Optimism Amid Regulatory Progress

The cryptocurrency market is witnessing heightened excitement as the REX-OSPREY Solana ETF, complete with staking options, nears its trading debut. Following the CEO's announcement, SOL Coin's price experienced a brief surge above $155, though investors remain cautiously optimistic. ETF analyst Eric Balchunas pointed out the completion of prospectus updates, suggesting that SEC approval could be imminent. Nate Geraci emphasized the unique '40 Act structure' of this application, which could set a precedent for future crypto ETFs. As of July 2025, the Solana ecosystem stands at the cusp of a transformative milestone, with the potential to attract significant institutional interest and drive further adoption of digital assets.

Solana ETF Launch Spurs Excitement in the Crypto World

The cryptocurrency market is abuzz as the REX-OSPREY Solana ETF, featuring staking options, prepares to begin trading. SOL Coin's price briefly surged above $155 following the CEO's announcement, though investor sentiment remains cautious.

ETF analyst Eric Balchunas noted the completion of prospectus updates, signaling potential SEC approval imminently. Nate Geraci highlighted the unique '40 Act structure' of this application, which may circumvent regulatory hurdles faced by competitors.

Market participants await final confirmation from the SEC, with expectations running high for what could mark a significant milestone in institutional crypto adoption.

Rex-Osprey to Launch First U.S. Solana Staking ETF on July 2

Rex-Osprey has confirmed the debut of the first solana Staking ETF in the United States, set for July 2. The fund will provide investors with direct exposure to SOL while enabling them to earn staking rewards—a feature absent in traditional ETFs.

The product operates under the 1940 Act structure, a strategic choice that may expedite regulatory approval and enhance investor protections. This distinguishes it from competing filings under the 1933 Act.

Market observers note the ETF's dual appeal: price exposure to Solana's native token combined with passive income from staking. The launch marks a milestone in crypto investment vehicles, bridging decentralized finance mechanics with mainstream accessibility.

Kraken and Bybit Launch Tokenized U.S. Stocks via xStocks, Integrating Solana DeFi

Kraken and Bybit have introduced over 60 tokenized U.S. stocks through the xStocks platform, backed one-to-one by real shares. Major companies like Apple, Tesla, and Nvidia are included, enabling 24/5 trading. The integration with Solana's DeFi ecosystem—including Raydium, Jupiter, and Kamino—allows users to trade, swap, or provide liquidity directly on decentralized applications.

Backed Finance confirms full collateralization of tokens, bridging traditional equities with blockchain efficiency. The MOVE expands accessibility for both centralized exchange traders and DeFi participants, marking a significant step in asset tokenization.