According to Cointelegraph, SOL price today surged following ETF launch developments, which brought hope about institutional interest and support for Solana’s future in the crypto market.
However, even though the Solana ETF launch pushed the price up to $161, there are still concerns over the sustainability of this Solana price rally because the basic support is weak, and there is strong competition.
Solana ETF Launch Lifts Price but Raises Questions
The announcement of a U.S. Solana ETF July 2025 edition, developed by REX Shares and Osprey Funds, immediately caused a big price jump. The SOL price today reached a high before dropping slightly to $151.20.
The Solana ETF launch includes staking rewards, a new feature designed to boost investor returns. However, the ETF was structured as a C-corporation, so it skipped the usual SEC review process.
This made it possible to launch the ETF faster. However, in this structure, dividends are taxed twice, first they are taxed at first at the company level and then again when investors receive them.
One analyst at CryptoQuant explained that using this method might speed up the ETF approval process, but it might not be the best option for long-term success.
Low Institutional Interest Clouds Solana ETF Momentum
Even though the ETF has a new and different structure, big investors have not shown much interest yet. The Solana Trust, which is managed by Grayscale (GSOL), currently holds only $75 million in assets, which is much less compared to Ethereum’s trust that had $10 billion before the ETH spot ETF was launched.
Michael Linton, a senior strategist at BlockBridge Analytics, said that interest in Solana is still low in comparison with Bitcoin and Ethereum. He explained that even with the recent Solana ETF staking news, large investments from institutions have not started coming in because they are still being careful.
The low interest from big investors shows that the recent Solana price rally might be more speculative, driven by retail traders than by long-term institutions.
| Metrics | Value |
| Current Price | $151.33 |
| 24H High Price | $157.71 |
| 24H Low Price | $149.61 |
| 24H Trading Volume | $4.8B |
| Market Cap | $80.9B |
| Resistance Level | $152.37–$165.88 |
| All Time High (Jan 2025) | $294.33 |
Solana’s Onchain Activity Remains Muted
Even though the SOL live price surged for a short time, the overall condition of the network is still weak. The current use of DApps and the network revenue has gone down significantly.
Since January, the network’s revenue has dropped over 90%, even with the meme coin hype and increased developer activity.
Also, several well-known DApps, including the token platform Pump, have sold massive SOL holdings of over $404 million worth in 2025. This shows there is steady selling pressure on SOL, particularly as the staking unlocks approach.
According to DefiLlama, around $585 million worth of SOL will be scheduled to be unlocked over the next two months. Analysts believe this might bring a lot of new supply into the market and limit further price rises.
As a result, while the SOL value now is holding up well, many experts are unsure if the rally can hold without real on-chain traction.
Competitive Headwinds and Market Sentiment
Solana’s position as a leader might be slipping. Recently, Robinhood and Coinbase chose Ethereum-based networks like Base and other layer-2 options over Solana for their tokenized stock and payment projects.
This change in partnerships shows that Solana’s strong position in fast-processing applications is now facing pressure. Even with the latest SOL ETF update, this situation hasn’t improved. Traders are also becoming more careful.
The SOL chart today shows some price increases, but futures funding rates are still neutral, which means there is no bullish excitement or strong interest from big investors. This might prevent the Solana price rally from growing any further.
Conclusion
The Solana ETF launch is an important step for the blockchain, particularly because it includes staking. But due to selling pressure, low network activity, and limited interest from big investors, the SOL price rally seems weak.
The SOL price today is still higher than before, but there are clear risks. Investors should consider broader metrics, not just the ETF news, and must make decisions carefully considering the market volatility.
Summary
SOL price today surged after the Solana ETF launch. It included staking features to attract investors. However, experts say this Solana price rally might not last because the network is weak and has low institutional interest.
The Solana ETF July 2025 edition was launched by REX Shares and Osprey Funds but it has tax issues. Even though the SOL value is now holding up, low activity and selling could stop more growth.
FAQs
1. What is the SOL price today?
The SOL price today touched $157.71.
2. Who launched the Solana ETF?
REX Shares and Osprey Funds launched the Solana ETF.
3. What is the key resistance level for SOL?
Analysts warn of resistance at $165.
4. How much does the Grayscale Solana Trust hold?
It currently holds $75 million in assets.
5. What is the risk with the C-corporation ETF structure?
Dividends are taxed twice: at the company level and the investor level.
Glossary
Solana ETF – A fund giving Solana exposure without holding the token directly.
C-Corp ETF – A fast-launch fund taxed at both company and investor levels.
GSOL – Grayscale’s Solana trust, offering indirect SOL access.
On-chain Activity – Real usage signals on the Solana blockchain.
Speculative Rally – Price spike driven by hype, not deep investment.
Sources
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