Ark Invest, led by Cathie Wood, has made a significant investment in Solana by acquiring shares in the 3iQ ETF, showcasing growing institutional trust in this asset.
Ark Invest's Investment in Solana
Ark Invest has acquired 975,000 shares of the 3iQ Solana Staking ETF between April 16 and 17, 2025. This move marks a significant shift in the firm's strategy, which has traditionally focused on Bitcoin and Ethereum, indicating a change in their cryptocurrency portfolio.
Impact on Solana Market
Following Ark Invest's purchase, Solana's trading volume has significantly increased, leading to a price surge for the cryptocurrency. Solana has shown strong performance against Bitcoin and Ethereum, indicating its rising demand in the market.
Market Perspectives and Reactions
Ark Invest's decision to reallocate its Bitcoin holdings in favor of Solana highlights confidence in the latter's potential. Historical trends suggest that such moves lead to increased interest in digital assets, with the Solana community becoming increasingly optimistic amid growing institutional interest.
Ark Invest's investment in Solana through the 3iQ ETF emphasizes growing trust from institutional investors and confirms the likelihood of a successful future for Solana in the cryptocurrency space.
