- SOL surged 14% amid growing speculation about a potential spot ETF approval, fueled by a tweet from SkyBridge Capital’s Anthony Scaramucci suggesting staking rewards could be included.
- With rising institutional interest and multiple ETF filings in progress, Solana is gaining momentum as a strong contender alongside Bitcoin and Ethereum.
Solana (SOL) is back in the spotlight after a sharp price rally fueled by renewed optimism around a potential spot ETF approval. The token surged by 14% over the past 24 hours, pushing its price beyond $151 and lifting its market capitalization to over $80 billion.
 Notably, this impressive gain occurred despite a slight dip in trading volume, highlighting strong underlying market enthusiasm.
Scaramucci Sparks the Fire
The rally was sparked by a tweet from Anthony Scaramucci, founder of SkyBridge Capital, who hinted at the imminent approval of a Solana exchange-traded fund (ETF). His post ignited a wave of speculation, especially as he mentioned the possibility of the ETF incorporating staking rewards—a feature unique to Solana’s value proposition.
Staking, which allows token holders to earn rewards by securing the network, could be a game-changer if included in the ETF offering. For traditional investors, this presents an opportunity for passive income, potentially making a Solana ETF more attractive than standard crypto investment vehicles.
Institutional Interest on the Rise
The excitement around a SOL ETF isn’t limited to retail traders. Institutional momentum is building, further bolstered by Rex Shares’ recent filing for a Solana ETF that includes staking capabilities. This move demonstrates growing confidence in Solana’s long-term viability and sets the stage for broader mainstream adoption.
Solana’s reputation for ultra-fast transaction speeds and minimal fees continues to position it as a developer-friendly and scalable blockchain. With more than 534 million SOL tokens in circulation and a robust DeFi and NFT ecosystem, the network is viewed as one of the strongest Ethereum alternatives.
Closer to an ETF Reality
Several official Solana ETF applications are currently under review by the U.S. Securities and Exchange Commission (SEC), and market watchers are optimistic about a green light in the near future. If approved, Solana would join the ranks of Bitcoin and Ethereum, both of which already boast U.S.-based ETF products.
Some analysts now suggest Solana may even outpace XRP in the ETF race. Recent reports indicate that XRP’s chances for a spot ETF approval have dropped to 75%, while Solana’s growing traction and unique staking angle give it an edge.
A Turning Point for SOL?
With strong technical momentum, increasing institutional support, and growing ETF optimism, Solana appears poised for further gains. The 14% price jump signals investor confidence and may mark the beginning of a larger upward trend if the ETF rumors materialize into reality.
In an evolving crypto landscape, Solana is quickly proving it’s not just another altcoin—it’s a major contender in the next wave of institutional crypto investment.