Ark Invest Invests in Solana via 3iQ ETF, Signaling Growing Institutional Trust

Ark Invest’s recent purchase of shares in the 3iQ Solana Staking ETF signals a strategic shift towards the blockchain ecosystem. The investment, valued at approximately $10.15 million over two days, marks a significant move by Ark Invest to diversify its portfolio beyond Bitcoin and Ethereum. This action has coincided with a boost in Solana’s trading volume, positioning it as a leading cryptocurrency and challenging established giants like Bitcoin and Ethereum. Ark Invest’s CEO, Cathie Wood, expressed confidence in Solana’s potential for success within the blockchain space.