- SEC may approve first U.S. Solana ETF with staking, filed by REX Financial and Osprey Funds this week.
- ETF would offer SOL exposure plus staking rewards, combining token performance and yield in a regulated investment product.
A new exchange-traded fund (ETF) based on Solana (SOL) could be approved in the United States within days. The proposal, submitted by REX Financial and Osprey Funds, is under review by the U.S. Securities and Exchange Commission (SEC). If approved, it would become the first ETF in the country to include a staking feature for a digital asset.
James Seyffart, an analyst at Bloomberg Intelligence, stated that the Solana ETF “could launch this week.” The comment referred to the timeline for the SEC’s response to the filing. The proposal aims to offer institutional and retail investors direct exposure to the performance of SOL, with the added option of staking, a method that enables participants to earn yield on their holdings.
Seems like this Solana Staking ETF could be going live this week. https://t.co/9eXFPnKqrV
— James Seyffart (@JSeyff) June 30, 2025
In staking, users lock up their tokens to support the security and operations of a blockchain network. In return, they receive periodic rewards. This process is different from traditional interest-bearing financial products. It is built into the technical function of networks like Solana, which rely on a proof-of-stake model to validate transactions and maintain consensus.
The inclusion of staking in an ETF format introduces a new structure to regulated markets. Until now, crypto ETFs in the U.S. have only tracked price performance. If approved, this fund would mark the first time staking returns are included as part of the product’s strategy under SEC oversight.
Following Seyffart’s statement, the price of SOL showed a slight upward movement. It reached $151 during the day, reflecting a limited reaction in the market. Price movements related to ETF speculation have become more common in recent months as several firms seek approval for crypto-based investment products.
Osprey Funds previously launched products based on other cryptocurrencies, including Bitcoin and Ethereum, although with mixed results in terms of investor interest. REX Financial, a lesser-known player, has partnered in the application as a co-sponsor.
Solana (SOL) is trading at $156.92 USDT, showing a strong daily gain of +2.35%, and an impressive +19.16% gain over the last week, making it one of the top-performing Layer-1 tokens in recent sessions.
Although it remains −17.09% down year-to-date, Solana has flipped to slightly positive territory for the month (+0.48%), reflecting a technical breakout from consolidation.
Technically, SOL is trading above its 50-day simple moving average ($154.84), while still below the 200-day SMA ($168.79). This signals the early stages of a trend reversal, confirmed by the breakout from an inverse head and shoulders pattern.
The neckline was breached near $148–$150, and today’s price action validates that structure with higher volume. Momentum indicators suggest continued bullish extension toward $160.20 short-term, with the next resistance cluster between $167–$175. Support zones rest at $149.50 and $143.00.
Fundamentally, Solana is gaining traction across several critical narratives:
- Rex-Osprey will launch the first-ever staked Solana ETF in the U.S., signaling institutional validation and setting up Solana for direct exposure in retirement portfolios and TradFi products.
- Robinhood announced Solana-based perpetual futures and tokenized equities, expanding its on-chain utility and derivatives market presence. The platform also revealed plans for a new Layer 2 built on Arbitrum that could support Solana interoperability.
- ETHNews analysts are calling for a bullish flag breakout on the daily chart, aligning with social media sentiment shifts and increasing inflows into SOL-based DeFi platforms.
- High-profile endorsements and community traction have placed Solana in a favorable spotlight compared to struggling peers like Polkadot, with its co-founder citing Polkadot’s decline as a cautionary tale.
- The market is anticipating a “golden cross” event in early July if current momentum holds, potentially validating long-term bullish positioning.
The market now watches the $160 resistance level as the next key breakout zone before targeting the 200-day moving average and beyond.
