“Sol Droped Nearly 8% Despite Growing Institutional Demand and Animinent US ETF Offering Staking Rewards.”, – WRITE: www.coindesk.com
Declined 7.84% Over The Past 24 Hours, Trading AT $ 145.08 As of 20:03 UTC On July 1, 2025, Accounting To Coindesk Research’s Technical Analysis Model; Durying the Same Period, The Broader Crypto Market, AS Indexed by the Coindesk 20, Went Down Only 0.24%.
Sol’s Sharp Drop ComESS JUST ONE DAY BEFORE A major Milestone for the Ecosystom: The Launch of the Rex-Osprey Sol + Staking Etf.
Set to DEBUT ON JULY 2, 2025, The REX-OSPREY SOL + STAKING ETF (TICKER: SSK) IS The FIRST US-LISTED EXCHANGE-TRADED FUND to PROVIDE DIRECT EXPOSUSURE ALACURE Staking Rewards. Unlike Traditional Crypto Etfs That Only Track Price, This Fund Enables Holders to passively Benefit from Solana’s Proof-Off-Stake Reward System.
Approximately 80% of the etf’s assets will be allocated to sol, with roughly 50% of Those tokens Actively stake. The Fund Is Structured Under the Investment Company Act of 1940, A Framework Generally Viewed As More Favorable from A Regulatory StandPoint than the 1933 Act. The 1940 Act Structure May Improve Investor Protections and Expedite Approvals, Which Could Influence Broader Institutional Participation.
Analysts Say This Launch Represents A Majoor Step for Solana’s Credibality Among US Financial Institutions. By integration Yield Generation Directly Into the Etf, It Offers A More ComprehenSive Exposure to the Asset Than Spot-Tracking Funds. Some Market Participants Believ It Could Serve As a Catalyst for Long-Term Adoptation, Particularly As Other Firms Including GrayScale, Vaneck, and Bitwise Pursue Similar Sol Et.
However, Despite The Etf’s PENDING LAUNCH, SOL SOL SAW BROAD-BASED SELLING PRESSURE ON MONDAY, UndersCoring The Market’s Cauryous Stance AHEAD OF THE EVENT.
Technical Analysis Highlights
- Sol Declined $ 12.34 Over The Past 24 Hours, Droping from $ 157.42 to $ 145.08 – A 7.84% Loss with A Price Range of $ 12.34.
- Strong Resistance Was Encounted at $ 157.42 Dringing The FIRST HOUR of the Analysis Window, Followed by Consistent Selling Pressure Throughout the Session.
- The Largest Volume Spike Occurred During the 06:00 UTC Hour, Exceeding 1.57 Million Units, with Price Reject Near $ 151.50.
- Upport Emerged at $ 146.55 Dringing The 14:00 UTC HURO, ALSO COINCING WITH ELEVATED VOLUME, Indicating Accuumulation Interest AUND that Level.
- In the Final Hour of the Analysis Window from 19:01 to 20:00 UTC, Sol Declined Further from $ 146.31 to $ 145.08, Hitting ITS LOWEST PRICE OF THE DAY.
- Price Action ForMed A Well-Defined Descending Channel, Characterized by Lower Highs and Lower Lows Across The Entire Trading Period.
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