On July 2, 2025, REX-Osprey announced the launch of the first US-based Solana (SOL) spot ETF with staking features. The ETF allows investors to gain exposure to SOL alongside staking rewards.
Announcement of the ETF Launch
REX-Osprey has launched the first spot ETF in the US based on Solana, which also offers staking features. This is significant news that was expected to lead to an increase in SOL's price.
Market Reaction to Solana
Despite the announcement, the price of SOL has remained relatively unchanged, gaining only 0.06% in the last 24 hours. The current price is still below the psychological $150 mark, with little interest for significant movement observed.
Attention to Mutuum Finance Project
In light of the lackluster performance of SOL, investors have started to look towards other projects, such as Mutuum Finance (MUTM), which is currently in its presale phase. Interest in this project has surged due to the rapid fundraising in the ongoing presale.
The launch of the Solana-based ETF has not sparked the anticipated market reaction, yet investors are finding opportunities in other potentially promising projects.
