Investment advisors were the biggest buyers of the US-based spot Solana ETFs at over $270 million, while hedge fund managers came in next at $186 million.
Silicon Valley-based venture capital firm Electric Capital and investment bank Goldman Sachs were the two largest buyers of spot Solana exchange-traded funds, which launched for trading in the US in October last year.
Data shared by Bloomberg ETF analyst James Seyffart on Monday shows that the top 30 institutional holders of US spot Solana (SOL) exchange-traded funds bought more than $540 million worth of ETFs during the quarter.
Electric Capital and Goldman Sachs held the top two positions with $137.8 million and $107.4 million worth of Solana ETF exposure, while Elequin Capital, SIG Holding and Multicoin Capital rounded out the top five.
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