US’s First Solana Staked ETF Sparks SOL Surge to $160
Rex Shares and Osprey Funds will launch the first US Solana Staked ETF (ticker SSK) on July 2. The Solana Staked ETF allocates at least 40% of its assets to existing Solana ETPs to meet SEC requirements while offering on-chain staking yields from delegated SOL. This structure combines public-market access with DeFi-style rewards, appealing to institutional and yield-seeking investors amid evolving SEC guidance.
On launch news, SOL retested the $150 support level and jumped to $160, triggering over $9 million in short liquidations. Technical analysts note that reclaiming the $159–167 zone and holding above key moving averages could open a path to $180–200. A bullish flag pattern and a filled fair value gap near $148 offer further support.
Multiple firms have filed for a spot SOL ETF with the SEC, fueling “Solana Summer” speculation. Traders should monitor staking yields from the Solana Staked ETF, regulatory updates, SOL inflows, and critical support levels for signals of further upside or consolidation.
Bullish
The launch of the first US Solana Staked ETF addresses regulatory hurdles and introduces on-chain staking yield to the public markets, driving institutional demand. The ETF announcement triggered a technical breakout as SOL reclaimed key support at $150 and surged to $160, accompanied by over $9 million in short liquidations. Bullish chart patterns, filled fair value gaps, and moving-average support signal further upside potential toward $180–200 in the short term. Longer term, additional spot SOL ETF filings and continued staking yield appeal should enhance liquidity and investor interest, reinforcing a bullish outlook for SOL.