Ark Invest Targets Solana via 3iQ ETF Purchase

Cathie Wood’s Ark Invest has entered the Solana market by acquiring shares in the 3iQ Solana Staking ETF on April 16–17, 2025, in a significant financial maneuver based in Canada.

Ark Invest’s strategic allocation highlights Solana’s rising institutional credibility and sparked increased trading. It displayed Solana’s robust performance against Bitcoin and Ethereum.

Ark Invest, led by Cathie Wood, has made a significant investment by purchasing 975,000 shares of the 3iQ Solana Staking ETF. This marked a notable shift from their traditional focus on Bitcoin and Ethereum, indicating a strategic shift within the organization’s cryptocurrency portfolio.

The acquisition involved a capital injection of approximately $10.15 million into the 3iQ ETF over two days. Significant shareholders include Ark Invest funds and SkyBridge Capital, which have historically been key players in digital asset management.

Solana’s price saw a notable uptick, driven by increased market activity and trading volumes. This activity positioned Solana as a leading cryptocurrency in terms of performance, marking a shift from its previous trajectory relative to major cryptocurrencies like Bitcoin and Ethereum.

Ark Invest’s decision resulted in a reallocation of its Bitcoin holdings, suggesting confidence in Solana’s potential. The financial movements were complemented by speculative trading behavior, reflecting a broader market optimism within the Solana community.

With historical precedents showing similar impacts on digital asset launches, the move by Ark aligns with long-term trends. It showcases a potential pivot point for Solana in becoming a leading institutional-grade asset, pending broader regulatory acceptance in major markets.