### **ARK Invest Becomes First U.S. Asset Manager to Gain Solana ETF Exposure**

#### **Key Highlights:**

1. **ARK Invest’s Strategic Move into Solana**

- Cathie Wood’s **ARK Invest** has purchased **237,500 shares each** of the **3iQ Solana ETF (SOLQ)** through two of its funds:

- **ARK Next Generation Internet ETF (ARKW)**

- **ARK Fintech Innovation ETF (ARKF)**

- This marks the **first U.S.-listed asset manager** to gain exposure to Solana via an ETF.

- The **3iQ Solana ETF** launched on the **Toronto Stock Exchange (TSX)** on **April 16**, following Canadian regulatory approval.

2. **Why This Matters for Solana Investors**

- The **3iQ Solana ETF** provides **direct Solana (SOL) exposure** with **staking rewards**.

- Currently, it’s the **only regulated Solana investment vehicle** in North America.

- While the **U.S. has not yet approved a spot Solana ETF**, ARK’s investment offers **indirect exposure** for American investors.

3. **Solana’s Strong Position in Crypto**

- **Second-largest blockchain by Total Value Locked (TVL)** at **$7B+** (vs. Ethereum’s $45B).

- Known for **fast, low-cost transactions**, making it a top choice for **DeFi & dApps**.

- Despite past **network outages**, adoption continues growing among developers & institutions.

4. **ARK’s Expanding Crypto Portfolio**

- ARKW & ARKF already hold positions in **Coinbase, Robinhood, and Block**.

- ARK also invests in:

- **3iQ’s Ether Staking ETF**

- Its own **ARK 21Shares Bitcoin ETF (ARKB)**, which holds **$4B+ in BTC**.

- This move signals **growing institutional interest** in crypto beyond just Bitcoin & Ethereum.

5. **Broader Trends in Crypto ETFs**

- **U.S. regulators** are reviewing ETFs for **XRP, Litecoin, and Dogecoin**.

- The **CME listing Solana futures** hints at a possible **U.S. Solana ETF in the future**.

- Until then, U.S. firms are using **Canadian crypto ETFs** as a workaround.

#### **The Bottom Line:**

- **ARK Invest’s Solana ETF play** reinforces institutional confidence in **Solana’s long-term potential**.

- While **U.S. regulatory hurdles remain**, Canada’s approval of crypto ETFs provides a **near-term solution**.

- Solana’s **scalability and adoption** keep it in the spotlight as a **top Ethereum alternative**.

> **Disclaimer:** This is **not financial advice**. Always **DYOR (Do Your Own Research)** before investing.

**🚀 Follow for more crypto insights!**