Institutional investors significantly increased their exposure to Solana exchange traded funds in the fourth quarter, allocating more than $540 million into US-listed products. Data from regulatory filings shows strong participation from venture capital firms, banks and hedge funds following the launch of spot Solana ETFs in October.
Among the largest buyers were Electric Capital and Goldman Sachs, which held ETF positions valued at approximately $137.8 million and $107.4 million respectively. Other major investors included Multicoin Capital and several institutional trading firms.
Data shared by Bloomberg ETF analyst James Seyffart;
Investment Advisors and Hedge Funds Lead ETF Holdings
The data, based on filings submitted to the U.S. Securities and Exchange Commission, shows that investment advisors accounted for the largest share of holdings, purchasing more than $270 million worth of Solana ETFs during the quarter.
Hedge fund managers followed with around $186 million in exposure. Additional allocations came from holding companies, brokerage firms and banks, though these groups represented a smaller share of the total investments.
ETF Growth Continues Despite Solana Price Decline
Spot Solana ETFs were first introduced in the United States when Bitwise Asset Management launched the initial product in late October. Since then, the funds have attracted strong inflows from institutional investors.
Approximately 4.3 million SOL tokens back the ETF holdings reported in the quarter. However, the market value of those assets has declined by more than 30% since the end of Q4 as Solana’s price dropped from nearly $125 to about $86.
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