Electric Capital and Goldman Sachs Lead Solana ETF Boom

[cryptoenthusiast]

Silicon Valley-based venture capital firm Electric Capital and investment bank Goldman Sachs have emerged as the largest buyers of US spot Solana exchange-traded funds (ETFs), which debuted last October. According to data from Bloomberg ETF analyst James Seyffart, the top 30 institutional holders of Solana ETFs purchased over $540 million worth during the quarter. Electric Capital led with $137.8 million in exposure, followed closely by Goldman Sachs at $107.4 million.

Other major institutional investors rounding out the top five include Elequin Capital, SIG Holding, and Multicoin Capital, while Morgan Stanley and Citadel Advisors also made notable purchases. This surge in institutional interest comes after Bitwise launched the first SEC-approved spot Solana ETF on October 28, signaling growing confidence among large investors in Solana as a mainstream crypto asset.

[nihalsari]

$540M in solana ETFs = ~4.3M SOL tokens ok that’s some serious accumulation