Solana Price Surges 5% on Launch of First US Staking ETF

The launch of the REX-Osprey Solana + Staking ETF (SSK) on the Cboe exchange has had a notable impact on the price of Solana (SOL). The ETF, which began trading with Anchorage Digital as the custodian and staker of its assets, marked a significant milestone as the first of its kind in the United States. Following the announcement of the ETF's launch, Solana's price experienced a surge, increasing by over 5%. This price boost was further amplified when the ETF officially started trading, pushing Solana's price above $158. However, the momentum did not sustain, and the price retraced to around $150, resulting in a modest week-on-week gain of 3%.

The introduction of the Solana staking ETF is seen as a potential catalyst for institutional investment in the Solana ecosystem. The ETF allows investors to gain exposure to Solana while also benefiting from staking rewards, which could attract more institutional capital to the network. This development is particularly significant given that the second half of 2025 is expected to see a wave of new ETFs, with the Solana ETF serving as a litmus test for future offerings.

Despite the initial price surge, Solana's price has since dropped below $150, indicating that the ETF's impact on the price may be temporary. The price drop could be attributed to a lack of sustained momentum or other market factors. However, the launch of the ETF is still seen as a positive development for the Solana ecosystem, as it provides a new avenue for institutional investment and could drive long-term growth.

The launch of the Solana staking ETF also comes at a time when Solana's ecosystem is experiencing other significant developments. For example, tokenized stock trading has arrived on Solana, with Backed's xStocks going live on various platforms. Additionally, Canary Capital has filed for a PENGU ETF, bringing meme coins a step closer to institutional investment. These developments, along with the launch of the Solana staking ETF, could contribute to the growth and maturation of the Solana ecosystem.

In summary, the launch of the REX-Osprey Solana + Staking ETF has had a positive impact on Solana's price, but the sustainability of this impact remains to be seen. The ETF provides a new avenue for institutional investment in the Solana ecosystem and could drive long-term growth. However, the price drop following the initial surge indicates that the ETF's impact on the price may be temporary. Despite this, the launch of the ETF is still seen as a positive development for the Solana ecosystem, as it provides a new avenue for institutional investment and could contribute to the growth and maturation of the network.

Solana turned down from the 50-day simple moving average ($156) on Monday, indicating that the bears are fiercely defending the level. On the downside, the bulls are trying to arrest the pullback at the 20-day exponential moving average ($148). This suggests buying on every minor dip. If the rebound sustains, the possibility of a break above the 50-day SMA increases. The SOL/USDT pair could ascend to $168 and eventually to $185.

Sellers are likely to have other plans. They will try to pull the price to the solid support at $140. Buyers are expected to defend the $140 level with all their might, because a break below it may open the doors for a fall to $126 and then to $110. The pair rebounded off the 50-SMA on the 4-hour chart and rose above the 20-EMA. That signals aggressive buying at lower levels. If buyers sustain the price above the 20-EMA, the pair could jump to $155 and later to $159.

A break and close above $159 will complete an inverse head-and-shoulders pattern, which has a target objective of $192. Contrarily, a break and close below $144 suggests the bears are selling on every minor rally. The pair may then decline to the $140 to $137 support zone. The launch of REX Shares staked Solana ETF had a positive impact on SOL price, but trading above $159 would mark the start of a trend change.