Cathie Wood’s ARK Invest Buys Solana (SOL) Through Canadian ETF

Cathie Wood’s ARK Invest has officially added Solana (SOL) to its portfolio, marking its first direct investment in the token. According to Solana Floor, the purchase was made via the SOLQ ETF—a Canada-based staking fund that offers exposure to SOL and its staking rewards without requiring users to manage wallets or assets directly. This move also introduces SOL holdings to ARK’s U.S.-based ETFs like ARKF and ARKW, further solidifying the growing institutional appetite for Solana.

The SOLQ ETF, launched earlier this year, appeals to investors interested in proof-of-stake assets. ARK’s pivot to Solana is a notable expansion beyond its previous focus on Bitcoin and Ethereum. With the U.S. SEC yet to greenlight a spot Solana ETF, many fund managers are turning to alternatives like SOLQ in Canada, especially amid signs that U.S. regulators may be softening their stance on crypto ETFs.

Solana has seen a 40% year-over-year surge in developer activity, along with high-speed transactions and far lower fees compared to Ethereum. These factors have positioned it as one of the top-performing blockchains in 2025. While the price of SOL showed only a minor uptick following the ARK announcement, it has gained 29.5% in the past two weeks, according to CoinGecko.

Cathie Wood has previously praised Solana’s efficiency, calling it a faster alternative to Ethereum in a CNBC interview. Her firm’s strategic investment in SOL underscores confidence in the blockchain’s long-term utility, beyond mere speculative interest. With institutional investors beginning to embrace Solana, ARK’s move may pave the way for broader adoption across U.S. funds.