On Monday, June 30th, the crypto market witnessed a slight slowdown as Bitcoin struggled to maintain a price above the $108,000 barrier. Defying this pullback, the Solana price stands tall with an intraday gain of 3.8% to reach the $157 mark. The buying pressure can be attributed to the potential launch of the SOL ETF and the introduction of the staking feature. Will the momentum push this price above the $180 mark?
REX and Osprey Unveil First-Ever Staked Solana and Ethereum ETFs
Over the past week, the Solana price has bounced from a $126 floor to its current trading price of $157, accounting for an 8.5% growth. The bullish uptrend followed the subsided panic selling surrounding the geopolitical tension in the Middle East and the growing buzz around the SOL exchange-traded fund (ETF) with staking features.
Amidst regulatory developments, investment managers REX Financial and Osprey Funds are poised to launch the first staked Ethereum and Solana ETFs. In a recent tweet, Bloomberg analyst Eric Balchunas highlighted a statement from the SEC to ETF issuers that they have “no further comments” on the filings.
Last weekend, Rex Shares also confirmed their readiness to launch their product via an X (formerly known as Twitter) post, stating that the REX-Osprey SOL + Staking ETF is “coming soon.”
The ETF is designed to track the performance of Solana’s price while generating yield through on-chain staking. They will be listed on Cboe BZZ under the ticker SSK for the SOL staking ETF and ESK for the ETH staking ETF.
Bloomberg’s James Seyffart also shares his optimism on the REX-Osprey Staked Solana ETF, suggesting that the fund could go live as early as this week.
Flag Breakout Sets SOL for $180 Rally
Amid the recent price recovery, the Solana buyers gave a bullish breakout from the resistant trendline of a bull flag pattern. Since late May 2025, the coin price has been resonating between two downward-sloping trendlines, which presented buyers an opportunity to replenish the bullish momentum.
Thus, the recent breakout signals the continuation of the upward trend and offers technical support to the bullish market sentiment. Following the Sunday breakout, the +3% intraday surge today signals a suitable follow-up to the pattern completion.
With sustained buying, the SOL price could rise another 7.6% to challenge $168 resistance and drive an upswing to the $187 mark.
On the contrary, if the coin price witnessed supply pressure at the $168 barrier, the current correction could continue into the coming month.
