Cantor Fitzgerald, the investment firm headed by US Commerce Secretary Howard Lutnick, has taken its first step into the world of altcoins with a significant investment. Cantor Fitzgerald’s latest Form 13F filing reveals their addition of the Solana ETF to their portfolio, marking their entry into a regulated Solana product for the first time. The purchase of approximately 58,000 Volatility Shares Solana ETF (SOLZ) shares was made in mid-November and came with a price tag of $1.28 million. This move reflects Cantor Fitzgerald’s shift in preference for Solana over Ethereum as a treasury asset. Analyst reports indicate they favor Solana due to its strong developer growth, surpassing that of Ethereum. In June, the firm published a report stating their conviction in investing in Solana over Ethereum, citing its superior potential as a treasury asset.