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Ark Invest Targets Solana via 3iQ ETF Purchase

Adriana Mavrenko by Adriana Mavrenko
April 22, 2025
in Altcoin News
cathie wood tech solana art
Key Points:
  • Ark Invest’s first purchase of Solana through a Canadian ETF.
  • Boost in Solana’s trading volume observed.
  • Bitcoin holdings reduced to accommodate Solana.
ark-invest-targets-solana-via-3iq-etf-purchase
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.

“We believe in the potential of Solana as it represents a promising segment of the blockchain ecosystem.” — Cathie Wood, CEO, Ark Invest, source

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.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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Adriana Mavrenko

Adriana Mavrenko

On-Chain Reporter | Investigations Writer | Market-Behavior Researcher
Adriana Mavrenko is an on-chain-focused reporter and researcher who works at the point where blockchain data, market behavior, and public narrative meet. At TheCCPress, she covers controversial projects, market manipulations, token-driven narratives, and the kinds of crypto stories that demand both analytical skill and editorial skepticism. Her reporting is strongest when a story needs data-backed scrutiny rather than promotional framing.

“Data is useful in crypto only when it is tied to motive, context, and what readers should actually infer from it.”

Profile
- Gender: Female
- Born: March 1992
- Based: Lisbon, Portugal
- Company: TheCCPress
- Website: https://theccpress.com/ - Coverage Focus: Investigations, controversy, market behavior, on-chain evidence, project risk

Experience
Adriana brings together reporting, blockchain research, and on-chain analysis. Before joining TheCCPress, she worked on research-heavy assignments involving liquidity flows, blockchain dashboards, market manipulation patterns, and token ecosystems. That makes her one of the strongest fits for a site section built around investigations and controversy rather than routine market summaries.

Background
Her academic training in finance and economics, combined with additional blockchain certifications, gives her a practical base for interpreting crypto behavior without overclaiming. While earlier work touched multiple chains and DeFi ecosystems, her value to TheCCPress is broader: she can investigate how narratives are manufactured, how on-chain signals are interpreted, and where public-facing claims begin to break down.

Achievements
Adriana has produced research-led reporting on whale behavior, market manipulation, project risk, and crypto ecosystem trends. Her best work explains why a pattern matters, how the evidence should be read, and where the limitations of the data still remain.

Work Style
She is methodical, skeptical, and evidence-led. Adriana tends to begin with the data but does not stop there. She pushes toward the more useful editorial question: what kind of story does this data actually support, and what would be overstating it?

Skills
Her key strengths include on-chain analytics, investigative crypto journalism, market-behavior reporting, tokenomics evaluation, data visualization context, and research-led explanatory writing. She is most valuable on stories where credibility depends on careful interpretation.

Additional Information
Within the new taxonomy, Adriana is one of the best fits for investigations/fraud, investigations/collapse, and investigations/controversy. She gives TheCCPress a stronger ability to investigate crypto claims instead of merely repeating them.

Adriana Mavrenko's Social Media Platforms
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