Cantor Fitzgerald has disclosed stakes in a Solana exchange-traded fund in its newest Kind 13F submitting with the SEC, the primary time it has reported publicity to a regulated Solana product.
The place locations a serious Wall Avenue dealer amongst establishments now displaying formally documented curiosity in Solana-linked exchange-traded funds.
Submitted to the SEC in mid-November, the submitting exhibits 58,000 shares of the Volatility Shares Solana ETF (Nasdaq: SOLZ). On the time of submitting, the place was valued at $1,282,960.
Whereas the doc doesn’t listing a selected share value on the time of acquisition, Decrypt discovered a corresponding determine in line with historic knowledge from Google Finance displaying the fund closing at $22.12 on September 30, which marks the tip of the third quarter.
Decrypt has reached out to Cantor Fitzgerald for touch upon why it added publicity to a Solana-linked ETF through the quarter, and whether or not this displays its broader analysis of exchange-traded funds tied to digital belongings.
The Volatility Shares Solana ETF provides futures-based publicity to Solana slightly than holding the token instantly. It started buying and selling in March on Nasdaq. “It’s actually us being first to market once more,” Volatility Shares co-founder and CEO Justin Younger informed Decrypt on the time.
Cantor’s disclosure comes as a new wave of Solana ETFs arrived on U.S. markets final month, with issuers together with Constancy, Canary, and VanEck rolling out their respective merchandise.
These filings monitor a broader push by issuers to convey spot merchandise to market after the SEC cleared them in September.
Since then, asset managers have been experimenting with completely different approaches, from staking options to index building and custody setups, to see how a lot investor urge for food goes past Bitcoin and Ethereum.
“When a agency like Cantor Fitzgerald discloses Solana ETF publicity, it helps de-risk the class within the eyes of mainstream traders,” Jonathan Inglis, founder and CEO of crypto-focused shopper analysis agency Protocol Idea, informed Decrypt.
Citing their very own examine, Inglis observes that retail sentiment throughout APAC, for example, has remained cautious, with adoption for digital belongings “nonetheless formed by considerations over scams and safety,” whilst expectations for crypto’s long-term position proceed to rise.
Out of over 4,000 adults throughout the area, 65% of these from developed markets mentioned “they’re anxious about scams and fraud,” whereas 31% “cited safety considerations as a main barrier,” Inglis famous.
“Towards that backdrop, a standard agency holding a Solana ETF alerts that a few of these attitudes are starting to shift from expectation to precise market conduct,” Inglis mentioned. “Seeing a standard agency maintain a Solana ETF is proof of that perception transferring from sentiment into observe.”
Cantor’s transfer means that conventional finance, extra broadly, is “exploring Solana publicity by means of essentially the most acquainted, low-friction channels obtainable to on a regular basis traders,” as an alternative of being ”a distinct segment product that sits outdoors the core funding toolkit,” he added.
