REX Shares’ Staking-Enabled Solana ETFD drive SOL reach $161
REX Shares and Osprey Funds don launch one Solana ETF wey fit do staking, dem set am as C-corporation so dat dem fit waka pass SEC approval process. Dis Solana ETF dey give direct SOL exposure plus staking rewards. After dem launch am, SOL climb 7% reach $161 as trading volume double and futures open interest hit two-year high. Institution investors like Invesco and Galaxy Digital don apply for similar things, wey show say institution investment dey grow for Solana ecosystem. On-chain metrics dey show wallet activity plus staking participation increase. Bloomberg analysts put 90% chance say SEC go approve Solana ETFs, e dey boost regulatory hope. Experts dey compare am with Bitcoin and Ethereum ETF launch before, dem see say capital go still flow enter and price go rise. Traders suppose shine eye for regulatory updates, trading volume, and on-chain data to make better use of Solana ETF momentum.
Bullish
Dis news na dey bullish because di launching of staking-enabled Solana ETF mark one important step for institution wey dey adopt am. Di 7% price jump to $161, double trading volumes, plus di two-year high for futures open interest show say di market get strong momentum. Bloomberg talk say SEC get 90% chance to approve am, wey dey add regulatory hope, just like di past Bitcoin and Ethereum ETF launches wey bring plenty capital and make price rise well well. Short term, traders go likely dey chase di rally, wey go boost liquidity and volatility. Long term, di example of yield-bearing ETFs fit attract more institutional capital steady and make Solana market grow bigger. So, dis development dey support bullish view for SOL and di markets wey relate.