Institutions Bought $540M in US Spot Solana ETFs in Q4

Data compiled by Bloomberg ETF analyst James Seyffart shows the top 30 institutional holders of US spot Solana (SOL) exchange-traded funds bought more than $540 million worth of the ETFs in Q4. Silicon Valley venture firm Electric Capital Partners and Goldman Sachs led the list with $137.8 million and $107.4 million in exposure, while Elequin Capital, SIG Holding and Multicoin Capital rounded out the top five.

Morgan Stanley and Citadel Advisors were among other notable institutional buyers after Bitwise launched the first SEC-approved spot Solana ETF on Oct. 28. The figures come from 13F filings submitted to the SEC in mid-February, the required disclosures for institutions managing over $100 million.

Investment advisors accounted for the largest share of spot Solana ETF ownership at over $270 million, followed by hedge fund managers with $186.4 million. Holding companies and brokerage firms held $59.5 million and $20.3 million respectively, while banks held $4.5 million.

United States, Silicon Valley

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