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Solana Drops 7.8% Ahead Of REX-Osprey SOL + Staking ETF Launch
HomeNews* Solana (SOL) dropped 7.84% in 24 hours, trading at $145.08 as of July 1, 2025, while the broader crypto market slipped only 0.24%.
According to details, the ETF will allocate around 80% of its assets to SOL, with half of those coins participating in staking. Staking allows investors to earn passive rewards by helping secure the Solana Blockchain, which uses a proof-of-stake system. The fund operates under the Investment Company Act of 1940, a regulatory framework that analysts note may offer stronger investor protections and support faster approvals.
Analysts say the launch may boost Solana’s profile within U.S. financial institutions. Unlike typical crypto ETFs, this product gives investors both price exposure and access to blockchain-based income. Grayscale, VanEck, and Bitwise are also seeking approval for similar SOL ETFs.
Technical analysis from CoinDesk Research revealed SOL fell from $157.42 to $145.08, losing $12.34 during the 24-hour period. The largest trading volumes were recorded around the $151.50 area, with notable accumulation—meaning buyers entering positions—seen at $146.55. Price movement formed a descending channel, with lower highs and lower lows throughout the session.
Despite interest in the ETF and its innovative features, SOL faced significant selling before the event, showing cautious market sentiment.
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