Solana’s Bullish Surge: Staking ETF Launch and $100M SOL Purchase Plan Fuel 4% Price Rally

Solana's price has rebounded impressively, gaining 4% to reach $153, driven by significant institutional interest. This upward momentum is supported by two major developments: the launch of the first US-listed solana staking ETF and a $100 million private funding round dedicated to SOL acquisitions. The REX-Osprey Solana + Staking ETF, a collaboration between REX Shares and Osprey Funds, has begun trading on the Cboe exchange, with Anchorage Digital acting as custodian. These milestones highlight growing confidence in Solana's ecosystem and its potential for further growth in the decentralized finance (DeFi) space. As of July 3, 2025, Solana's recovery signals strong market optimism, positioning it as a standout performer in the crypto market.

Solana Rebounds as Staking ETF Launches and DeFi Corp Announces $100M SOL Purchase Plan

Solana's price recovery gains momentum, climbing 4% to $153 amid institutional inflows. The rally coincides with two landmark developments: the debut of the first US-listed Solana staking ETF and a $100 million private funding round earmarked for SOL acquisitions.

REX Shares and Osprey Funds' REX-Osprey Solana + Staking ETF began trading on Cboe exchange, with Anchorage Digital serving as custodian. Unlike Bitcoin spot ETFs, this innovative product combines price exposure with staking rewards—a first for US markets.

DeFi Development Corp's convertible note offering signals strong institutional demand, while Solana futures open interest holds steady NEAR $7 billion. The ecosystem continues attracting capital despite recent market volatility.

DeFi Development Corp Races to Raise $100M for SOL – ETF Green Light Next?

DeFi Development Corp, the first U.S. public company built around a Solana-based treasury strategy, has announced plans to raise $100 million through a private offering of convertible senior notes due in 2030. The deal, revealed Tuesday, comes as momentum builds around a possible green light for Solana exchange-traded funds (ETFs).

The offering targets qualified institutional buyers under Rule 144A of the Securities Act, with an option for an additional $25 million purchase within 13 days of issuance. The unsecured notes will carry semi-annual interest and mature on July 1, 2030. Conversion terms allow holders to convert into cash, company stock, or a mix of both after January 2030.

Proceeds will partially fund a stock repurchase via a prepaid forward agreement, with the remainder allocated to general corporate purposes. The move signals growing institutional confidence in Solana's ecosystem amid broader crypto market optimism.

Solana Defies Technical Expectations With Sustained Uptrend

Solana (SOL) continues its ascent without the typical golden cross confirmation, trading firmly above $140. The asset's ability to maintain higher lows since June points to steady accumulation, though the $160-$165 resistance zone looms as a critical test.

Market technicians note the absence of a 50-day/200-day moving average crossover typically associated with bullish reversals. Yet SOL's resilience at current levels suggests underlying strength, with the RSI's neutral 48 reading leaving room for further upside.

Trading volume patterns indicate conviction among holders, with no mass exodus during recent pullbacks. The $140 support level now serves as a litmus test for the continuation of this organic rally.

DeFi Development Announces $100M Solana Bet in MicroStrategy-Style Crypto Move

DeFi Development, formerly Janover, revealed plans for a $100M-$125M private convertible note offering to aggressively scale its Solana (SOL) treasury strategy. The real estate-turned-crypto firm has already accumulated 621,313 SOL tokens, including liquid staked positions.

The capital raise mirrors MicroStrategy's debt-funded bitcoin acquisitions, with proceeds earmarked for additional SOL accumulation and corporate share buybacks. This institutional push comes as Canadian rival SOL Strategies amassed 3.7M staked SOL in June, highlighting growing validator participation for yield generation.

Market observers note the SEC's recent approval of staking-related financial products could further catalyze institutional SOL adoption. While some traders view developments as a potential 'sell-the-news' event, the underlying accumulation trend suggests sustained bullish momentum for Solana's ecosystem.