Solana Staking ETF Surges 18% In Debut Week—Here’s How Much Cathie Wood’s Ark Invest Has Parked In It

The 3iQ Solana Staking ETF (SOLQ.U) has logged impressive gains since its debut a week ago, with Cathie Wood-led Ark Invest emerging as a major buyer.

What happened: The exchange-traded fund exposes investors to the price moves of Solana (CRYPTO: SOL), the sixth-largest cryptocurrency by market capitalization, while also generating passive rewards through staking.

The investment vehicle began trading on the Toronto Stock Exchange on April 16 and has since gained around 18% in value. 

The ETF has drawn the interest of Ark, the asset management firm led by experienced investor Wood.

Ark Fintech Innovation ETF (BATS:

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