The first-ever staking-enabled Solana ETF in the U.S. is set to launch tomorrow, July 2nd, marking a major milestone for institutional adoption of Solana ($SOL).
The announcement has already sparked market momentum, with $SOL surging over the past 24 hours to a high of $159.24, signaling growing investor confidence ahead of the ETF debut.
The excitement could also spill over into crypto presales like Snorter Token ($SNORT), a native Ethereum token that features a bridge to Solana, potentially gaining traction as interest in Solana-based assets heats up.
Rex-Osprey Solana ETF Effectively Approved, More ETFs Coming Soon
REX Shares announced on X today that the ‘first-ever staking crypto ETF in the US’ is coming on Wednesday. This will provide investors with direct exposure to $SOL while also offering staking rewards.
In May, the company, along with Osprey Funds, sent a proposal to the SEC for a Solana and an Ethereum ETF with staking rewards.
Rex-Osprey received a response on Friday with the SEC providing no further comments. This effectively approves the organization’s application.
Aside from Rex-Osprey, there are at least nine other similar filings at the SEC. If approved, these should drive up Solana’s value even further.
$SOL Goes Up with the Rex-Osprey Solana ETF News
Solana’s native token saw a flurry of activity in the past 24 hours, thanks to the news. It’s been up by 0.84% during the period and around 2% in the last seven days.
Launched in 2020, Solana has been the unofficial home of the best meme coins with its low transaction fees and high throughput.
Get Ready for the New Wave of Meme Coins with Snorter Token ($SNORT)
With increased interest in Solana could come an influx of new meme coins. This should make finding legitimate and promising coins even more challenging.
As a Telegram-native trading bot, it lets you do everything within the popular messaging app. You don’t need to juggle wallets or install different browser extensions.
With Snorter Bot, you can create or import your wallet with a single tap.
Plus, you can perform automated token sniping, set limit orders and dynamic stop-loss, copy trades, and manage your portfolio all within Snorter Bot.
Another important feature is the honeypot and scam protection. With the number and speed of token launches on any given day, it’s difficult to check what’s real and what’s a scam. The bot has got your back covered.
All these get better when you hold its native Snorter Token ($SNORT). You’ll unlock 0.85% fees, unlimited snipes, analytics, staking rewards, governance rights, and even community incentives.
$SNORT is currently available for $0.0967 each at its official presale page.
To buy tokens, connect your crypto wallet like Best Wallet, enter how many tokens you want to purchase, and pay with your debit/credit card, $SOL, $ETH, $USDT, or $USDC.
For step-by-step instructions on how to get $SNORT, you can check out our Snorter Token buying guide.
The project also offers staking rewards, which are currently at 241% p.a. Alternatively, you can HODL as $SNORT could reach as high as $3.25 according to our Snorter Token price prediction.
Solana ETFs Bode Well for the Market and New Cryptocurrencies
The SEC’s approval of Rex-Osprey’s Solana ETF application marks a new chapter in the US’s increasing acceptance of cryptocurrencies and related projects.
This is a huge plus for new crypto like Snorter Token ($SNORT), which will make it easier for investors to find the best presales to put their money into.
If you’re considering buying $SNORT and other crypto, be sure to do your research first. This is not financial advice.
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