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Tag: growing institutional investment

Solana News: Rothschild and PNC Financial Disclose SOL ETF Holdings in Filing

The post Solana News: Rothschild and PNC Financial Disclose SOL ETF Holdings com. Rothschild and PNC disclose holdings in Solana ETF as $336M flows into Solana ETFs, signaling growing institutional interest in SOL. Rothschild Investment and PNC Financial Services have disclosed their holdings in the Solana ETF. This news comes as spot Solana ETFs continue to show strong inflows, despite the volatility in the broader crypto market. These disclosures signal growing interest from traditional financial institutions in Solana, further highlighting the growing adoption of the cryptocurrency. Rothschild Investment’s Move into Solana ETF Rothschild Investment, a major player in traditional finance with $1. 5 billion in assets under management, has revealed its holdings in the Volatility Shares Solana ETF (SOLZ). According to the latest filing with the U. S. Securities and Exchange Commission, Rothschild has acquired 6, 000 shares in the ETF, valued at approximately $132, 720. This marks a strategic move into Solana, which has been gaining traction as a promising blockchain network for decentralized applications. Rothschild’s involvement in the Solana ETF is part of a broader trend of institutional interest in crypto-based investment products. The firm already holds shares in other prominent crypto ETFs, such as the BlackRock iShares Bitcoin ETF (IBIT) and Grayscale Ethereum ETF (ETHE). This latest investment highlights the growing confidence in Solana’s potential as part of diversified crypto portfolios. Increased Interest in Solana as an Investment The interest from Rothschild and PNC Financial Services follows a trend of growing institutional investment in Solana. Investors have been increasingly shifting their attention from Bitcoin ETFs to Solana, drawn by the higher staking rewards offered through Solana ETFs. The Bitwise Solana Staking ETF (BSOL) and Grayscale Solana ETF (GSOL) have seen notable inflows in recent weeks, further reflecting the growing interest in Solana. Reports indicate that the Bitwise Solana Staking ETF has received over $323 million in inflows, with the Grayscale Solana ETF also.