Solana adds $12 billion ahead of ETF ‘imminent launch’

Solana ( SOL ) is experiencing a steady inflow of capital as anticipation builds around the launch of the first-ever Solana staking exchange-traded fund ( ETF ) in the United States. Over the past week, Solana’s market capitalization has increased by $12.23 billion, rising from $68.32 billion to $80.55 billion, representing a 17.9% rise. Solana one-week market cap chart. Source: CoinMarketCap This capital inflow has coincided with a price rally, with SOL trading at $151, up 16% on the week and nearly 1% in the past 24 hours. While the broader crypto market is benefiting from easing geopolitical tensions in the Middle East, Solana’s gains are being significantly driven by optimism surrounding the upcoming ETF. To this end, ETF provider REX Shares is nearing the launch of its REX-Osprey Solana Staking ETF, having reportedly addressed key regulatory concerns with the Securities Exchange Commission (SEC). The ETF is designed to offer investors exposure to Solana while generating onchain staking yield, a feature long awaited by the cryptocurrency investment community. Coming Soon: The First-Ever Staked Crypto ETF in the U.S.! Introducing the REX-Osprey™ SOL + Staking ETF, designed to track the performance of Solana while generating yield through on-chain staking. ✔️ SOL exposure ✔️ Staking rewards A new era of yield-generating crypto… pic.twitter.com/I8yIEqiI5R — REX Shares (@REXShares) June 27, 2025 Solana ETF imminent approval Bloomberg ETF analyst Eric Balchunas noted in a June 27 X post that the fund is in its final stages, with an imminent launch expected. “Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all systems go for imminent launch,” Balchunas said. Meanwhile, ETF analyst James Seyffart described REX Shares’ approach as “very rare,” highlighting that it bypasses the standard 19b-4 filing process, a step that other crypto-staking ETF proposals are still waiting on SEC approval for. Additionally, the market will be closely watching the SEC’s progress on the possible approval of a spot Solana ETF amid a wave of pending applications. Notable applicants include Invesco, VanEck, and Bitwise, some of which have amended their filings to address the regulator’s concerns. Featured image via Shutterstock The post Solana adds $12 billion ahead of ETF ‘imminent launch’ appeared first on Finbold .

Source: Finbold