Solana ETF Set to Launch This Week as SOL Price Rises 5%
Solana (SOL) rose approximately 5% on Monday amid speculation about a potential SOL Staking ETF by Rex Shares and Osprey Funds set to launch on Wednesday. The token has since adjusted, now showing an increase of 2.3% at $157.
Key details include:
- Osprey confirmed the fund's launch for Wednesday.
- Rex filed a letter with the SEC regarding their ETF filing status.
- The ETF would be the first SOL Staking ETF in the U.S.
- Other issuers are still awaiting approval for a spot SOL ETF with staking features.