Solana (SOL) experienced a drop of 7.84% in the past 24 hours, trading at $145.08 ahead of the anticipated launch of the REX-Osprey SOL + Staking ETF. This ETF, debuting on July 2, 2025, is notable as the first U.S.-listed fund providing direct exposure to Solana’s native token along with staking rewards under the Investment Company Act of 1940. Despite the ETF's potential to attract institutional investors and enhance Solana's credibility, the market reacted with broad-based selling pressure, showing a cautious sentiment ahead of the event. A significant volume spike was noted around the $151.50 level, while support formed at $146.55, indicating potential accumulation. The ETF's structure could improve investor protections and regulatory acceptance, potentially influencing Solana's adoption rate. Analysts view the ETF launch as a critical factor for Solana's market dynamics, alongside ongoing interest from firms looking to create similar products.

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