Solana’s Role in the Surge of Tokenized Stocks as Kraken and Bybit Expand Offerings

The cryptocurrency landscape is witnessing a transformative phase with the introduction of tokenized U.S. stocks by major exchanges Kraken and Bybit. This development underscores the growing convergence of traditional equities and blockchain technology, with Solana emerging as a potential key player in this space. As of July 2025, the integration of high-profile stocks like Apple and Tesla, along with ETFs such as SPY, into blockchain platforms marks a significant milestone. This article delves into the implications of these advancements and how Solana's ecosystem could benefit from this trend.

Tokenized Stocks Gain Traction as Kraken and Bybit Enter the Market

Two major cryptocurrency exchanges, Kraken and Bybit, have nearly simultaneously launched tokenized U.S. stocks, signaling a significant push toward integrating traditional equities with blockchain technology. Kraken introduced 60 tokenized equities under its xStocks brand, powered by Swiss issuer Backed, featuring high-profile names like Apple and Tesla, as well as ETFs such as SPY. Bybit followed suit just two hours later, integrating the same product into its Spot platform.

The offerings target non-U.S. users, emphasizing 24/5 trading access and compatibility with decentralized finance (DeFi) protocols. Kraken's xStocks, built on the solana blockchain, allow users to trade and withdraw tokens to self-custody wallets, enabling their use as collateral in DeFi—a feature traditional stocks cannot match. The exchange plans to expand access to over 185 countries in the coming weeks, with support for additional blockchains expected.

First Solana ETF Set to Launch This Week Amid 5% Price Surge

Solana's SOL token rallied 5% Monday morning as market participants anticipated the debut of a staking-focused exchange-traded fund. The REX-Osprey SOL+Staking ETF, confirmed for Wednesday launch by an Osprey Funds spokesperson, marks the first product of its kind in the U.S. digital asset market.

The token pared gains to trade 2.3% higher at $157, demonstrating typical volatility surrounding major product launches. This development follows Rex Shares' regulatory clearance last week, when the SEC reportedly had no further comments on their filing.

While several issuers await approval for spot SOL ETFs, this staking-enabled product could set a precedent for how crypto-native yield mechanisms integrate with traditional finance structures. The market's positive reaction suggests growing institutional confidence in Solana's ecosystem despite recent network challenges.

Solana Price Prediction: SOL Set for 30% Rally with ETF Developments and Strong Technical Setup

Solana's next major breakout may be imminent as speculation intensifies around its potential ETF launch on July 2, 2025. REX Shares' proposed Solana ETF, trading under the ticker $SSK, would be the first to combine traditional market access with staking rewards—a potential game-changer for institutional and retail adoption.

The cryptocurrency has demonstrated resilience, reclaiming the $151 level with conviction despite recent market volatility. Analysts note the sharp recovery suggests underlying strength, with technical indicators aligning favorably for a potential 30% upward move.

Market participants are closely monitoring how ETF approval could reshape capital flows into SOL, particularly given the innovative staking component. This development could establish new precedents for yield-bearing crypto products in regulated markets.

Solana Price Holds at $150 Amid Whale Unstaking Activity

Solana's price remains resilient above $150 despite significant whale movements that sparked market speculation. Two Wintermute-linked wallets unstaked 1 million SOL ($139 million) and deposited 240,000 SOL to Binance within 72 hours, triggering fears of a potential sell-off.

Market data suggests a more nuanced scenario. While the unstaking event drew attention, weekly staking flows show stability with no broad validator exodus. Liquid staking tokens (mSOL, jitoSOL, jupSOL) maintain their dominance, indicating sustained network confidence.

The whale activity appears isolated—likely profit rotation rather than capitulation. Spot flows and price action present a mixed picture, with the Solana network showing no signs of systemic stress despite these large-scale movements.