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 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.
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.
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.
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.
If you’re considering buying $SNORT and other crypto, be sure to do your research first. This is not financial advice.
