ARK Invest Makes Bold Move – 3iQ’s Solana Staking ETF Now Catching Wall Street’s Eye!

Updated

April 23, 2025

Gambar ARK Invest Makes Bold Move – 3iQ’s Solana Staking ETF Now Catching Wall Street’s Eye!

Jakarta, Pintu News – Ark Invest, an asset management company led by Cathie Wood, recently announced its first investment in Solana through the 3iQ Solana Staking ETF (SOLQ).

This move marks a major expansion in the adoption of cryptocurrencies in the broader financial market.

With this addition, Ark Invest not only strengthens their portfolio but also confirms confidence in Solana’s (SOL) potential as a technology of the future.

Ark Invest’s Expansion into Solana

ark invest sells coinbase shares — Source: AdobeStock

According to a report from Citywire, Ark Invest has included the 3iQ Solana Staking ETF (SOLQ) in two of their technology investment vehicles, namely the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF).

The two funds each bought 237,500 shares of SOLQ, a move that shows validation of Solana’s (SOL) fundamentals. Canadian regulators have approved the SOLQ ETF for trading, along with other crypto products from Purpose, Evolve, and CI which began operations on April 16, marking a major step towards mainstream exposure.

Ark Invest’s announcement emphasizes that Solana’s (SOL) architecture designed for speed and efficiency is ideal for the next generation of the internet. With this investment, Ark Invest becomes the first US-based ETF to gain exposure to Solana (SOL), marking an important history in cryptocurrency adoption.

Portfolio Diversification Beyond Ark Invest and Solana

Asset management firms are widely starting to turn to crypto products, a trend that goes beyond Ark Invest and Solana (SOL).

Charles Schwab, with $10 trillion in assets under management, has also announced plans to launch crypto trading this year. This move adds validity to this fledgling asset class.

Under the leadership of President Donald Trump, the improving crypto regulatory landscape provides an advantage for asset managers like Ark Invest to bet on the market.

With key institutions now in line with crypto, it is expected that more companies will join in this diversification movement.

Crypto ETFs and Their Role in TradFi

Despite the generally positive regulatory environment, many traditional financial firms are still skeptical of direct exposure to crypto.

The main issue remains asset custody, but more relatable products such as the Spot Ripple ETF have been filed with the SEC to address this. Solana (SOL), Hedera, Litecoin , and Dogecoin among other assets are also awaiting potential approval from the SEC. Market experts expect approval before the end of this year.

Overall, Ark Invest’s investment in the Solana ETF (SOLQ) not only marks an important step in the diversification of their portfolio but also shows a growing confidence in cryptocurrencies as a viable asset class.

With other major companies following suit, the future of crypto seems to be increasingly integrated with the traditional financial system.

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