Solana Rises on ETF Approval Hopes — Staking Feature Adds Fuel to the Rally
1. Solana Breaks Resistance on Optimism Over ETF Approval
Solana (SOL) is drawing increased attention from investors amid optimism over potential ETF approval and the possibility of staking rewards being included. According to CoinGape, Solana briefly surpassed $151, fueled by positive sentiment.
2. Staking Potential and ETF Approval Buzz
Anthony Scaramucci, head of SkyBridge Capital, hinted on social media that Solana’s ETF approval is imminent, and that it may include staking rewards. Staking, which rewards token holders for helping secure the network, could make the ETF product even more attractive to traditional investors by offering additional yield opportunities.
3. Solana ETF Could Accelerate Mainstream Adoption
If approved, Solana would join Bitcoin and Ethereum in holding a U.S.-based ETF product, marking a key milestone for mainstream acceptance. Analysts believe this would significantly enhance Solana’s appeal among institutional investors.
Rex Shares has already filed an application for a Solana ETF including staking features, while other firms are reportedly preparing similar products. With multiple Solana and XRP ETF filings under SEC review, some see Solana pulling ahead of XRP in the race for approval.
4. Quick Outlook
Solana’s ETF optimism and the prospect of staking functionality are simultaneously sparking interest from institutional and retail investors. While final approval may take time, Solana appears poised to become the next major player in the crypto ETF space.
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