Solana (SOL) Drops 8% Before First U.S. Staking ETF Launch Promising Returns

Set to launch on July 2, 2025, the REX-Osprey SOL + Staking ETF (ticker: SSK) is the first U.S.-listed ETF to offer direct exposure to Solana’s native token while also providing access to staking rewards. Unlike conventional crypto ETFs that only track price, this fund allows holders to passively benefit from Solana’s proof-of-stake rewards system.

About 80% of the ETF’s assets will be allocated to SOL, with approximately 50% of those tokens actively staked. The fund operates under the Investment Company Act of 1940, a framework generally seen as more favorable from a regulatory perspective than the 1933 Act. This structure may enhance investor protections and streamline approvals, potentially increasing institutional participation.

Analysts indicate this launch marks a crucial advancement for Solana’s credibility among U.S. financial institutions. By incorporating yield generation directly into the ETF, it provides more comprehensive exposure to the asset than spot-tracking funds. Some market participants believe it may act as a catalyst for long-term adoption, especially as other firms like Grayscale, VanEck, and Bitwise seek similar SOL ETF applications.

However, despite the ETF’s upcoming launch, SOL experienced widespread selling pressure on Monday, reflecting the market’s cautious approach ahead of the event.

Technical Analysis Highlights

• SOL decreased by $12.34 in the past 24 hours, falling from $157.42 to $145.08 — a 7.84% loss with a price range of $12.34.
• Strong resistance was met at $157.42 during the first hour of analysis, followed by steady selling pressure throughout the session.
• The highest volume spike occurred during the 06:00 UTC hour, surpassing 1.57 million units, with price rejection near $151.50.
• Support formed at $146.55 during the 14:00 UTC hour, coinciding with increased volume, indicating accumulation interest at that level.
• In the last hour of the analysis window from 19:01 to 20:00 UTC, SOL further declined from $146.31 to $145.08, reaching its lowest price of the day.
• Price action exhibited a well-defined descending channel, marked by lower highs and lower lows over the entire trading period.

Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to RialCenter’s standards.