Solana (Sol) suffers from an increase in capital flows, partly driven by launching the first exchange of exchange in the United States (ETF) of the original.
From the time of the press, the market value in Solana reached 81.58 billion dollars, an increase of 77.63 billion dollars a day, an increase of $ 3.95 billion.
The original price also turns, as it is trading at $ 152.71 after getting more than 3 % a day and about 7 % during the past week.
The bullish momentum arose by launching the Rex Osprey Solana Stoke ETF, which officially started trading on July 2 on the Chicago Board Options (CBOE).
This fund is the first in circulation investment funds that focus on Solana in the United States and recorded about $ 8 million in trading volume in just 20 minutes of its first appearance, According to to Bloomberg ETF analyst James Sevart.
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ETF has been jointly launched by RX and Osprey Funds asset managers, and ETF provides direct exposure to Solana while providing stokeing rewards as well.
Solana Stoke Etf
Nearly 80 % of the box is allocated to discover Sol Holdings, with more than half of this neglected amount to generate the return on the chain. Investors can anticipate annual returns ranging between 7 % and 7.3 % of the restricted part.
The remaining part of the ETF port includes international products associated with Solana and Stoke Liquid, such as Jitosol.
One of the decisive factors behind ETF approval was its legal structure. Rex and Osprey created the fund as Corporation under the 1940 Investment Company Law, which allowed them to move around the regulatory obstacles that led to the delay of other trading investment funds.
Meanwhile, the US Securities and Stock Exchange Committee (SEC) reviews additional Solana ETF requests from major financial companies, including Vaneck, Franklin Templeton, Fidelity, Galaxy Digital and Grayscale.
Although none of them has been approved, SEC has extended the review periods to late July. Analysts now put a 95 % chance that Solana ETF will get at least an organizational approval before the end of 2025.
Distinctive image via Shutterstock
