Ark Invest Expands Its Crypto Portfolio, Targets Solana Through 3iQ ETF

Jakarta, Pintu News – Global financial markets are increasingly expanding their adoption of cryptocurrencies, and Ark Invest led by Cathie Wood recently gained its first exposure to Solana (SOL) through the 3iQ Solana Staking ETF (SOLQ). This move marks further validation of Solana as a prime candidate for an altcoin ETF in the United States.

Ark Invest’s Expansion into Solana

According to a report from Citywire, the ARK Next Generation Internet (ARKW) and ARK Fintech Innovation (ARKF) ETFs have added SOLQ to their portfolios. Each of these funds purchased 237,500 shares of SOLQ, a move that confirms confidence in Solana’s fundamentals.

Canadian regulators approved the SOL 3iQ ETF for trading earlier this month, along with other crypto products from Purpose, Evolve, and CI. These ETF products launched on time on April 16, paving the way for mainstream exposure.

Also read: Airdrop Opportunity of Towns ($TOWNS), an a16z-Backed SocialFi Project!

Portfolio Diversification Beyond Ark Invest and Solana

Asset management firms are increasingly moving towards crypto products, a trend that goes beyond ARK and SOL alone. Charles Schwab, with $10 trillion in assets under management, has announced plans to launch crypto trading this year, adding validation to the fledgling asset class.

Under the leadership of President Donald Trump, the improving crypto regulatory landscape gives asset managers like Ark Invest an advantage to invest in this market. With key institutions now supporting crypto, more firms are expected to follow this diversification move.

Read also: 3 Cryptos that Whales are Targeting in May 2025

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. Storage remains a major challenge, however more relatable products such as the Spot Ripple (XRP) ETF have been filed with the SEC to address this.

Solana (SOL), Hedera (HBAR), Litecoin (LTC), and Dogecoin (DOGE) among other assets are also awaiting potential approval from the SEC. Market experts expect approval before the end of this year.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Cathie Woods’ ARK Invest Gains First Exposure to Solana with 3iQ ETF Bet. Accessed on April 23, 2025
• Featured Image: Crypto Slate