The launch of the very first Solana ETF on July 2nd, 2025, sent ripples through the crypto world. The REX-Osprey SOL + Staking ETF, offered by REX Shares, started trading on the CBOE, letting investors profit from SOL’s price increases and earn passive income through staking. This wasn’t just the first Solana ETF approved in the US – it was the first US ETF with a built-in staking feature!
A Successful First Day
Analyst James Seyffart from Bloomberg reported a whopping $8 million in trading volume within the first 20 minutes alone! He called it a “healthy start.” By the end of the day, the fund had attracted $12 million in capital and saw a total trading volume of $33 million. While impressive, Eric Balchunas, another Bloomberg ETF analyst, noted that this was less than Bitcoin and Ethereum spot ETF launches (Bitcoin’s first day hit $4.6 billion!). Seyffart attributed the lower volume partly to the shortened trading week due to the US Independence Day holiday. He remains confident that demand for these products will be strong.
Solana’s Market Cap Jumps
The ETF launch immediately boosted SOL’s price by about 2%. CoinMarketCap data shows Solana’s ecosystem market cap increased by almost 7% in the following week, reaching $193 billion. Daily trading volume also surged by 35%, indicating high demand for Solana-based digital assets.
Meme Coin Mania!
The biggest winners? Meme coins! Bonk surged over 27%, Fartcoin climbed 26%, Dogwifhat jumped nearly 20%, and PopCat saw a 23% increase in the week following the launch.
AI Tokens Also Benefit
Even AI tokens felt the positive impact. Virtuals Protocol, a native token of a decentralized platform for launching AI agents, saw its price rise by about 14.5% in the same period. The increasing use of AI and automation in crypto trading is driving this growth.
Snorter Bot: Automating Solana Trading
One promising project in automated crypto trading is Snorter Bot. This Telegram-based bot has already raised over $1.5 million. Running on the Solana blockchain (with plans to expand to Ethereum, BNB Chain, Polygon, and Base), Snorter offers features like automated sniping, sub-second swaps, copy trading, limit and stop-loss orders, and rugpull/honeypot detection – all within a single Telegram feed.
Snorter’s Advantages
Snorter outperforms even the biggest Solana trading bots. The top three – Trojan, Banana Gun, and Maestro – processed nearly $240 million in trading volume over the past week, highlighting the growing reliance on automation for maximizing profits. Snorter Bot boasts some of the lowest fees on Telegram and Solana. SNORT token holders can unlock an even lower trading fee of 0.85% (compared to Banana Gun’s potential 2%).
Key Snorter Features:
- Copy Trading:
Follow and copy top strategies in real-time. - Rugpull/Honeypot Detection: Protect your investments from scams.
- Advanced Trading Features: Use stop-loss and limit orders for easy trade management.
- Automated Sniping: Access promising new meme coins at launch prices.
Snorter Token is currently in presale at a discounted price of $0.0971, increasing in price across 60 phases. Staking offers a 231% APY. You can buy SNORT using SOL, ETH, BNB, USDT, USDC, or a credit card. A reliable Web3 wallet like Best Wallet is recommended.