Solana Gains Momentum After REX-Osprey Staked Crypto ETF Gets SEC Green Light

Key Takeaways:

The REX-Osprey ETF will begin trading this week, offering spot exposure and staking rewards on Solana.

The SEC allowed the structure to proceed, paving the way for future altcoin ETFs.

SOL price surged to $151 amid $9M in short liquidations and growing DeFi activity.

Solana (SOL) recorded a notable price spike on Monday after REX Shares confirmed the launch of REX-Osprey, the first-ever U.S.-based staked cryptocurrency ETF. The exchange-traded fund will begin trading Wednesday, offering investors both direct exposure to Solana and access to its staking yields—a move seen as a significant leap in crypto finance innovation.

REX-Osprey ETF Marks Regulatory Milestone for Crypto

REX Shares’ newly approved ETF brings spot Solana exposure to traditional financial markets for the first time while incorporating staking income as part of the fund’s structure. The SEC’s feedback on the C-Corp business model allowed the fund to move forward without classifying staking as a violation of federal securities laws. However, the commission has yet to greenlight a broader class of staked altcoin ETFs.

Market analysts view this as a foundational moment, suggesting it may pave the way for similar products tied to other leading altcoins. Bloomberg ETF expert Eric Balchunas previously identified Solana as one of the most promising candidates for early approval.

Price Reaction and Liquidations Follow ETF News

The ETF confirmation sparked immediate price volatility in the crypto market. According to CoinMarketCap, Solana’s price rose to $151.41, marking a 0.76% daily gain and over 3% increase on the week. SOL’s upward momentum led to nearly $9 million in short position liquidations, as reported by on-chain tracker Solanafloor on X.

Despite recent gains, SOL remains 48.59% below its all-time high of $294.33 set in January. However, this ETF launch appears to have re-energized bullish sentiment.

DEX Activity and Market Position Boost Solana’s Momentum

Beyond institutional adoption, Solana is thriving in decentralized finance. Recent data shows Solana-based DEX volumes have overtaken Ethereum, powered by platforms like Raydium, Orca, and the meme-centric Pump.fun. This surge in trading activity further strengthens Solana’s fundamentals.

Also Read: Solana [SOL] Drops Below $150 as Whales Sell — Can Retail Accumulation Spark a Rebound?

At its current price, SOL boasts a market capitalization of $83.5 billion, placing it sixth among all cryptocurrencies and reinforcing its position as a leader in the altcoin space.

The launch of the REX-Osprey ETF marks a groundbreaking moment for Solana and the broader crypto ETF landscape. By offering yield and regulatory clarity, it may set the tone for a new generation of investment products.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Sean Williams

I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!