7 hours ago
Solana (SOL) SOL declined 7.84% implicit the past 24 hours, trading astatine $145.08 arsenic of 20:03 UTC connected July 1, 2025, according to CoinDesk Research's method investigation model; during the aforesaid period, the broader crypto market, arsenic indexed by the CoinDesk 20 CD20, went down lone 0.24%.
SOL's crisp driblet comes conscionable 1 time earlier a large milestone for the ecosystem: the motorboat of the REX-Osprey SOL + Staking ETF.
Set to debut connected July 2, 2025, the REX-Osprey SOL + Staking ETF (ticker: SSK) is the archetypal U.S.-listed exchange-traded money to supply nonstop vulnerability to Solana’s autochthonal token portion besides offering entree to staking rewards. Unlike accepted crypto ETFs that lone way price, this money enables holders to passively payment from Solana’s proof-of-stake reward system.
Approximately 80% of the ETF’s assets volition beryllium allocated to SOL, with astir 50% of those tokens actively staked. The money is structured nether the Investment Company Act of 1940, a model mostly viewed arsenic much favorable from a regulatory standpoint than the 1933 Act. The 1940 Act operation whitethorn amended capitalist protections and expedite approvals, which could power broader organization participation.
Analysts accidental this motorboat represents a large measurement for Solana’s credibility among U.S. fiscal institutions. By integrating output procreation straight into the ETF, it offers a much broad vulnerability to the plus than spot-tracking funds. Some marketplace participants judge it could service arsenic a catalyst for semipermanent adoption, peculiarly arsenic different firms including Grayscale, VanEck, and Bitwise prosecute akin SOL ETF applications.
However, contempt the ETF’s pending launch, SOL saw broad-based selling unit connected Monday, underscoring the market’s cautious stance up of the event.
Technical Analysis Highlights
- SOL declined $12.34 implicit the past 24 hours, dropping from $157.42 to $145.08 — a 7.84% nonaccomplishment with a terms scope of $12.34.
- Strong absorption was encountered astatine $157.42 during the archetypal hr of the investigation window, followed by accordant selling unit passim the session.
- The largest measurement spike occurred during the 06:00 UTC hour, exceeding 1.57 cardinal units, with terms rejection adjacent $151.50.
- upport emerged astatine $146.55 during the 14:00 UTC hour, besides coinciding with elevated volume, indicating accumulation involvement astir that level.
- In the last hr of the investigation model from 19:01 to 20:00 UTC, SOL declined further from $146.31 to $145.08, hitting its lowest terms of the day.
- Price enactment formed a well-defined descending channel, characterized by little highs and little lows crossed the full trading period.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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