- Solana ETF launch on July 2 includes staking rewards, a first for U.S. crypto ETFs
- Fund’s 1940 Act structure avoids 19b-4 delays, boosting speed and regulatory appeal
- SOL price surges with volume up 133.73%, technicals hint at potential breakout ahead
In a move that could redefine crypto investment in the U.S., a new Solana ($SOL) spot ETF from REX Shares and Osprey Funds is reportedly set to begin trading on Wednesday, July 2, 2025.
The fund, expected to list under the ticker $SSK, brings a fresh and powerful twist to the ETF landscape. Unlike previous digital asset funds, this one will include on-chain staking, allowing investors to benefit not just from Solana’s price movement, but also from its staking yields.
According to a recent analysis from MartyParty on X, this new Solana ETF is structured under the Investment Company Act of 1940. This is a significant detail, as it means the fund can avoid the lengthy 19b-4 approval process that has been required for most other crypto ETFs. This alternative regulatory structure makes the launch timeline much faster and more feasible, potentially creating a new blueprint for future altcoin investment vehicles.
Why Is On-Chain Staking a Game-Changer?
The introduction of a staking component is a first for a spot crypto ETF in the U.S. and could be a major draw for investors. It allows for passive income generation on top of any price appreciation, a feature that was notably absent from the first wave of Ethereum ETFs.
Related: The Race for a Spot Solana ETF Intensifies as European Giant CoinShares Files in the US
The fund’s compliance with the 1940 Act also places it within a more traditional and regulated framework, which could attract more conservative institutional investors. The timing of the launch, coming just after a major altcoin rally, only adds fuel to an already hot narrative surrounding Solana.
ᴛʀᴀᴄᴇʀ, known for calling earlier rallies in tokens like $TRUMP and $POPCAT, had predicted a SOL ETF within 30 days. The confirmation came in just one hour after he posted his analysis, boosting his credibility among retail and institutional traders alike.
SOL Price Holds Strong
As of press time trading at $155.88, Solana is showing short-term bullish strength. Earlier in the day, the token hovered near $141.66 before pushing higher. The key breakout happened above $160, though prices briefly pulled back afterward. Significantly, volume surged 133.73% over the past 24 hours to reach $4.75 billion, confirming strong market participation.
Support lies at $141.66 and $150.00, while resistance is clearly visible at the $160.00 mark. If SOL manages to break above $160 with volume, further upside could follow quickly.
Related: Solana (SOL) Price: Whale Moves, ETF Uncertainty, and Bearish Indicators
Additionally, the MACD just turned bullish. The MACD line rose above the signal line, while the RSI stands at a healthy 55.75, well below overbought territory. Hence, there’s room for further gains if momentum continues.
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Source: https://coinedition.com/spot-solana-etf-launch-july-2/