Solana Surges 100% to $160 on First Staking ETF Launch

Solana (SOL) experienced a significant surge, climbing to nearly $160 following the announcement of the first-ever Solana staking ETF set to begin trading in the U.S. The ETF, named the REX-Osprey SOL + Staking ETF, is unique as it combines spot exposure with staking yield, offering investors a dual benefit on a public exchange. This development has notably boosted investor confidence, indicating that broader institutional access to Solana may be on the horizon. The timing of this announcement is particularly significant, as it coincides with a growing interest in diversified crypto investment vehicles.

As soon as the ETF was revealed, Solana’s price spiked, leading to the liquidation of almost $9 million in short positions. Traders who had bet against SOL were caught off guard as the news drove up prices within minutes. This sharp squeeze added momentum, propelling SOL past key resistance levels. This event highlights a broader trend where short sellers are vulnerable during major news events, especially when they coincide with positive regulatory or institutional developments.

The launch of the Solana staked ETF marks a new era for altcoin exposure in regulated markets. Unlike previous ETFs that focused solely on Bitcoin or Ethereum, this product offers the ability to earn staking rewards, a key differentiator likely to attract institutional investors seeking yield. Analysts are calling this a potential turning point for altcoins in the ETF space. It may even trigger similar products for other altcoins, depending on regulatory signals and market reception. The ETF’s launch is seen as a positive sign of increasing maturity in the crypto sector, with Solana now joining the shortlist of digital assets receiving U.S. institutional-grade financial products.