The Solana Staking ETF, officially known as the REX-Osprey Solana Staking ETF, launched on June 28, 2025, marking the first staking-enabled ETF for Solana. Unlike a traditional spot ETF, this product differs in structure, revenue sources, and risk exposure. The ETF saw $33 million in trading volume on its first day and accumulated $74 million in assets under management within five days. Market analysts note the ETF's debut as a potential indicator of growing demand for Solana spot ETFs, with approval odds for a spot ETF reaching 99%. Concurrently, Bitcoin has remained steady around the $108,000 to $110,000 range, with Ethereum trading near $2,577. Institutional interest in cryptocurrencies continues to rise, with notable developments including Robinhood's launch of tokenized stocks and Coinbase's acquisition of Liquifi token management. The Solana Staking ETF's successful launch and early volume highlight increasing institutional engagement in crypto ETFs amid a broader market environment characterized by steady prices and expanding product offerings.