Solana Price Surges 6% to $161 on ETF Launch

On June 15, 2023, Solana's price surged to $161 following the announcement of the launch of a Solana ETF by REX Shares. This ETF, developed in partnership with Osprey Funds, features staking capabilities and employs a C-corporation structure to bypass the conventional SEC approval process, allowing for rapid market entry. The launch has garnered significant institutional interest, with filings from major players and a notable rally in Solana's market price.

The price of Solana jumped by approximately 5% on Monday morning, driven by rumors and anticipation surrounding the ETF. This initial spike was followed by a continued rise, with the cryptocurrency climbing 6% to around $158 shortly after the ETF news was confirmed. The market sentiment was positively influenced by the ETF's launch, with Solana's price rising between 4% and 7% following the announcement. As of late June 2025, the price of Solana had surged above $160, driven by the imminent launch of the Rex-Osprey Solana ETF with staking.

The Rex-Osprey ETF, the first of its kind in the US market, had been through a regulatory review process. The new investment vehicle is expected to see approval just weeks after its most recent delay by the US SEC. The official confirmation by Rex Shares helped spark a near-vertical market rally, with the ETF launch predicted to happen this week. The Solana ETF had approval odds above 95%, with the odds of approving the ETF rising to 91% for a launch by the end of July, and to 98% for the whole of 2025.

Robinhood's decision to offer staking for both SOL and ETH to US customers added to the positive market sentiment. The staking option, which may bring up to 7.42% in passive returns, was reintroduced after Robinhood delisted the asset in 2023 following a verdict on offering an unregistered security. The staking option arrived just days after the app also announced SOL options trading, further expanding the platform's crypto services based on consumer demand. As more SOL is consolidated in whale wallets, simple staking or liquid staking is becoming more attractive, opening the door to ETH-based products where the ETH is locked in the Beacon Chain smart contract and participates in generating block rewards.

Historically, the approval of Bitcoin and Ethereum ETFs has led to substantial inflows and price rallies. Solana’s ETF entry highlights comparable speculation but remains smaller in current fund allocations. Experts suggest that Solana's market performance could repeat similar patterns observed in past ETF launches, providing further growth opportunities if regulatory approval continues favorably. The US Securities and Exchange Commission could 'act early' on Solana and staking ETF filings, placing the approval odds at 90%.