Solana (SOL) Falls 8% Ahead of Launch of First U.S. Staking ETF Offering Yield

Solana

declined 7.84% over the previous 24 hours, buying and selling at $145.08 as of 20:03 UTC on July 1, 2025, in keeping with CoinDesk Research’s technical evaluation mannequin; throughout the identical interval, the broader crypto market, as listed by the CoinDesk 20, went down solely 0.24%.

SOL’s sharp drop comes simply sooner or later earlier than a significant milestone for the ecosystem: the launch of the REX-Osprey SOL + Staking ETF.

Set to debut on July 2, 2025, the REX-Osprey SOL + Staking ETF (ticker: SSK) is the primary U.S.-listed exchange-traded fund to offer direct publicity to Solana’s native token whereas additionally providing entry to staking rewards. Unlike conventional crypto ETFs that solely observe value, this fund permits holders to passively profit from Solana’s proof-of-stake reward system.

Approximately 80% of the ETF’s belongings shall be allotted to SOL, with roughly 50% of these tokens actively staked. The fund is structured underneath the Investment Company Act of 1940, a framework typically seen as extra favorable from a regulatory standpoint than the 1933 Act. The 1940 Act construction might enhance investor protections and expedite approvals, which might affect broader institutional participation.

Analysts say this launch represents a significant step for Solana’s credibility amongst U.S. monetary establishments. By integrating yield technology instantly into the ETF, it provides a extra complete publicity to the asset than spot-tracking funds. Some market members imagine it might function a catalyst for long-term adoption, notably as different corporations together with Grayscale, VanEck, and Bitwise pursue comparable SOL ETF functions.

However, regardless of the ETF’s pending launch, SOL noticed broad-based promoting strain on Monday, underscoring the market’s cautious stance forward of the occasion.

Technical Analysis Highlights

• SOL declined $12.34 over the previous 24 hours, dropping from $157.42 to $145.08 — a 7.84% loss with a value vary of $12.34.
• Strong resistance was encountered at $157.42 throughout the first hour of the evaluation window, adopted by constant promoting strain all through the session.
• The largest quantity spike occurred throughout the 06:00 UTC hour, exceeding 1.57 million items, with value rejection close to $151.50.
• upport emerged at $146.55 throughout the 14:00 UTC hour, additionally coinciding with elevated quantity, indicating accumulation curiosity round that degree.
• In the ultimate hour of the evaluation window from 19:01 to twenty:00 UTC, SOL declined farther from $146.31 to $145.08, hitting its lowest value of the day.
• Price motion shaped a well-defined descending channel, characterised by decrease highs and decrease lows throughout the complete buying and selling interval.

Disclaimer: Parts of this text had been generated with the help from AI instruments and reviewed by our editorial group to make sure accuracy and adherence to our requirements. For extra info, see CoinDesk’s full AI Policy.