Cantor Fitzgerald reveals 58,000 share position in Volatility Shares Solana ETF
Key Takeaways
- Cantor Fitzgerald invested around $1.3 million in the Volatility Shares Solana ETF in the third quarter.
- The Volatility Shares Solana ETF provides exposure to Solana, serving as an alternative to traditional Bitcoin ETFs.
Cantor Fitzgerald, a financial services firm, revealed a 58,000 share position worth approximately $1,3 million in the Volatility Shares Solana ETF, according to a regulatory filing. The disclosure highlights growing institutional interest in Solana-based investment products.
Volatility Shares, an investment company managing crypto-focused exchange-traded funds, operates the Solana ETF that provides exposure to the cryptocurrency. The filing indicates institutional appetite for alternatives to traditional Bitcoin products.
Solana ETFs are attracting investor interest as Bitcoin ETFs experience outflows, indicating a shift in crypto investment preferences. Retail investors are rotating towards Solana and XRP ETFs, capturing momentum away from established Bitcoin products.
New Solana ETF offerings from providers like Canary Capital and Fidelity emphasize features such as staking rewards, expanding investment options in the space.
