Solana
Why Solana is up 3.2% in the last hour
Analysis
Solana (SOL) rose 3.2% over the past hour likely on optimism tied to improving institutional access and demand narratives. Cointelegraph reported that 21Shares launched the first Jito staked Solana ETP in Europe, which can bolster sentiment around regulated SOL exposure.
Contributing Factors (3)
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21Shares launches first Jito staked Solana ETP in Europe
The product offers exchange-traded exposure to JitoSOL with staking rewards embedded, as liquid staking ETFs remain under review in the United States.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.