Solana Holds $176 Amid ETF Filing And Tokenized Fund Buzz
Posted On May 22, 2025
Solana (CRYPTO: SOL) is currently trading at $176.07, after a surge of 2.86% over the past 24 hours. SOL touched a high of $177.39, and dipped to a low of $166.30 during the day. The price action comes amid the filing of the first US Solana ETF, a $785 billion tokenized credit fund on Solana, and the upcoming launch of Solana Mobile’s Seeker phone with native token airdrops.
Canary Digital has filed for a US-listed Solana ETF with the SEC, becoming the first in the US to integrate staking solution as a part of its offering. Marinade Finance will serve as the staking provider for the ETF, using its Marinade Select platform to manage institutional-grade staking operations.
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