According to @EricBalchunas, the price of Solana (SOL) experienced a significant surge, jumping approximately 5% on news that the first Solana staking exchange-traded fund (ETF) is set to launch this week. The REX-Osprey SOL+Staking ETF, managed by Rex Shares and Osprey Funds, is reportedly scheduled to begin trading on Wednesday, as confirmed by a spokesperson for Osprey. This development followed a filing letter from Rex Shares to the SEC, after which the asset manager indicated the ETF was 'coming soon,' suggesting regulatory hurdles had been cleared. The news pushed SOL's price to $157, with the 24-hour high for the SOLUSDT pair reaching $159.88. This product represents the first of its kind in the U.S. market, distinct from the spot SOL ETFs that are still awaiting approval.

According to @KookCapitalLLC, the first Solana (SOL) exchange-traded fund (ETF) in the United States is set to begin trading this week, causing a significant price reaction. The REX-Osprey SOL+Staking ETF is reportedly launching on Wednesday, a detail confirmed by a spokesperson for Osprey Funds. The announcement triggered an initial 5% surge in SOL's price, pushing it to around $157. While the price later stabilized, it maintained a 2.3% gain over a 24-hour period at the time of the report. This launch marks a milestone as it is the first SOL-based ETF in the U.S., specifically a staking fund, ahead of several pending applications for spot SOL ETFs. Market data reflects this volatility, with the SOLUSDT pair reaching a 24-hour high of $159.88.

According to @MilkRoadDaily, the first Solana (SOL) staking exchange-traded fund (ETF) from Rex Shares and Osprey Funds is set to launch this Wednesday, triggering a significant price movement for the token. The source reports that news of the launch initially caused the SOL price to jump by 5%. At the time of reporting, SOL was trading around $157, reflecting a 24-hour gain of approximately 2.3%, with the SOLUSDT pair showing a high of $159.88. This launch marks the first SOL staking ETF in the United States. The source notes that asset manager Rex Shares had previously indicated the ETF was 'coming soon,' suggesting the U.S. Securities and Exchange Commission (SEC) had no further comments on the filing. A spokesperson for Osprey has also reportedly confirmed the Wednesday launch date.

According to @cas_abbe, the first Solana (SOL) exchange-traded fund (ETF) in the United States is scheduled to launch this week, triggering significant price movement for the cryptocurrency. The REX-Osprey SOL+Staking ETF is expected to begin trading as soon as Wednesday, a development confirmed by a spokesperson for Osprey Funds. This news initially caused the price of SOL to surge by 5%. Based on current market data, SOL is trading around $157.27, reflecting a 24-hour gain of approximately 3.78%. The launch follows a recent letter from issuer Rex Shares to the SEC indicating that comments on their filing had been resolved. This product represents the first SOL-based ETF in the U.S., preceding the anticipated approval of spot SOL ETFs which are also expected to include staking features.