Solana ETF Breakthrough: Rex-Osprey Launches First US Fund with Staking Rewards

In a landmark development for the cryptocurrency market, Rex Shares and Osprey Funds are set to launch the first U.S. exchange-traded fund (ETF) offering direct exposure to Solana (SOL) with on-chain staking rewards. The Rex-Osprey Solana + Staking ETF, which debuts on July 2, 2025, will hold SOL through a Cayman Islands subsidiary and stake at least 50% of its holdings to generate yield. This innovative fund is registered under the Investment Company Act and taxed as a C-corporation, distinguishing it from traditional spot ETFs. The launch marks a significant milestone for Solana, as it becomes the first cryptocurrency to offer such a product in the U.S. market. The ETF's staking mechanism is expected to attract institutional investors seeking yield-generating crypto exposure, potentially driving increased demand for SOL. This development underscores Solana's growing prominence in the blockchain ecosystem and could serve as a catalyst for further adoption and price appreciation. The fund's structure also sets a precedent for future crypto investment products, blending regulatory compliance with the unique benefits of blockchain technology.

Rex-Osprey Solana ETF to Launch First US Crypto Fund With Staking

Rex Shares and Osprey Funds are set to debut the first U.S. exchange-traded fund offering direct exposure to solana (SOL) with on-chain staking rewards. The Rex-Osprey Solana + Staking ETF, launching Wednesday, will hold SOL through a Cayman Islands subsidiary and stake at least 50% of its holdings to generate yield.

Unlike traditional spot ETFs, this fund is registered under the Investment Company Act and taxed as a C-corporation. It arrives as nine other spot Solana ETFs await SEC approval, marking a significant milestone in crypto investment products.

The fund's structure bypasses the commodity trust model used by Bitcoin ETFs, offering a novel approach to crypto exposure. Solana, currently the sixth-largest cryptocurrency by market cap, gains institutional validation through this launch.

Backed Finance Launches 60 Tokenized Stocks on Kraken, Bybit, and Solana DeFi

Backed Finance has introduced xStocks, a platform offering 60 tokenized equities and ETFs, including major names like Apple, Microsoft, and Tesla. These assets are now tradable on Kraken, Bybit, and Solana-based DeFi protocols, marking a significant stride in bridging traditional finance with blockchain technology.

The tokens are fully collateralized by real shares, enabling 24/7 trading and seamless integration with decentralized applications. Bybit confirmed compliance with EU MiFID II regulations, while Kraken highlighted the elimination of traditional market constraints like trading hours and settlement delays.

Binance Smart Chain (BSC) Surpasses Solana in DEX Volumes Amid Incentive-Driven Surge

Binance Smart Chain has overtaken Solana in decentralized exchange volumes, fueled by the strategic rollout of Binance Alpha. The platform's incentives, including airdrops and trading rewards, have driven a 44% surge in activity, capturing 37% of total DEX volume by June 2025.

The integration of Binance Alpha with Binance's exchange interface has streamlined user access, while a tiered points system amplifies engagement. Yet, questions linger about the longevity of this growth, as critics highlight the reliance on short-term incentives.

Solana Price Faces Potential Dip to $146 Before Potential Rally

Solana's price hovers NEAR $150, with technical indicators signaling a short-term retracement. Analysts identify a critical support zone between $144 and $146, where bullish momentum may falter. The TD Sequential sell signal and Elliott Wave theory reinforce this outlook, suggesting a test of lower levels before any resurgence.

Derivatives data reveals lingering bullish sentiment, but fading upside momentum exposes Leveraged longs to downside risk. A rejection at the $152–$153 resistance zone—coinciding with a Fibonacci 1.0 extension target—has already triggered a pullback to $149.50. Market watchers now eye the $146 support level, a Fibonacci confluence area with historical significance.

Failure to hold $146 could see Solana retreat toward $142 or even $138. The market's next MOVE hinges on whether bulls can defend this key level amid weakening technical structure.

Solana Whale Sell-Off Sparks Retail Confidence Amid Market Volatility

Solana (SOL) faces heightened volatility as a major holder unstaked 1 million tokens worth $139 million, subsequently selling 240,000 SOL ($35 million). The move triggered a pullback from $154 to $149, testing bullish momentum. Whale activity has notably dwindled, with spot market data showing a sharp decline in large orders.

Retail traders are countering the sell-off with sustained buying, while futures markets hint at potential recovery. The divergence between institutional profit-taking and retail accumulation underscores Solana's contested near-term trajectory. Market sentiment now hinges on whether retail demand can absorb further whale exits.