Solana rises on approval to launch ETF on staking coin

The price of Solana SOL $149.92 Binance-Peg SOL -1.03% Market capitalization $0.16 billion VOL. 24 hours $0.37 billion rose sharply after the news that the SEC approved the launch of an exchange-traded fund (ETF) on SOL staking, and the cryptocurrency’s price confidently overcame a key resistance level. According to the latest data, Solana has been showing steady growth since the US regulator’s announcement, and many analysts have noted an increase in interest in the asset from institutional investors.

The new ETF will allow large market players to access Solana’s staking rewards through a public financial instrument, which makes it easier to participate in the network even without deep technical knowledge. Experts emphasize that the SEC’s decision could be a turning point for the legitimization of Solana in the financial markets and increase the liquidity of the cryptocurrency.

Technical analysis shows that the breakthrough of the resistance level has opened the way for Solana to further growth, and the nearest benchmarks for the price may be new local highs. According to experts, support from the regulator and the expectation of an ETF launch may support the positive momentum for SOL in the short and medium term.

Market participants are closely monitoring the developments, as the introduction of ETFs on the Solana staking could significantly change the rules of the game for the industry and increase investor confidence in alternative cryptocurrencies.

At the same time, experts emphasize that although the current trend is positive, Solana’s dynamics will remain sensitive to regulatory news and changes in the sentiment of major market players.