Cathie Wood’s Ark Investment Management has made a significant move by investing in the Solana Staking ETF from 3iQ Asset Management. This strategic investment signifies a growing belief in the potential of Solana within decentralized finance (DeFi). The ETF allows institutional investors to gain exposure to Solana without directly dealing with cryptocurrencies. The news sparked increased trading activity for SOL, resulting in a price jump of 2.3%. 3iQ’s entry into the Solana market aligns with Ark’s focus on blockchain technology and DeFi. Notably, this is not their first foray into this space; they’ve previously ventured into Bitcoin and Ethereum. This move also highlights the increasing recognition of Solana’s value proposition in contrast to other cryptocurrencies.