Solana price rebounds on Morgan Stanley ETF update
Solana price rebounds on Morgan Stanley ETF update as $75 test Solana price has surged nearly 9% over the past three days after Morgan Stanley updated its spot ETF filing, putting the token back within striking distance of the $75 resistance zone.
According to data from crypto.news, Solana ($SOL) price climbed from around $68 on June 19 to an intraday high of $74.98 on June 22 before consolidating near $73.7 at the time of writing.
$SOL’s rally followed Morgan Stanley’s amended S-1 filing for its proposed spot Solana ETF, which introduced a 0.14% sponsor fee and identified Figment and Coinbase Canada as staking providers. Such an update strengthened expectations that institutional investors could gain regulated exposure to $SOL while also participating in staking rewards.
The ETF development arrived after a sharp four-day correction that dragged Solana from a local high of $75.6 on June 15 to a low near $68. A stronger U.S. dollar, reduced risk appetite across crypto markets, and slower memecoin-related activity on Solana had pressured the token during that period.
#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge
Tất cả bình luận0Mới nhấtPhổ biến