SOL rallied after the launch of the REX Shares Solana ETF, but bulls need to hold the price above $160.
Key point:
The launch of the REX Shares staked Solana ETF had a positive impact on SOL price, but trading above $159 would mark the start of a trend change.
REX Shares launched the first US staked-cryptocurrency exchange-traded fund on Wednesday, giving investors direct exposure to Solana (SOL) and an opportunity to earn yield through staking.
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