ARK Invest Makes Bold Move into Solana with Staked ETF Bet

ARK Invest has quietly deepened its exposure to Solana by adding a staked SOL investment to two of its tech-focused ETFs, signaling growing confidence in the blockchain’s long-term potential.

The U.S. asset manager now holds shares of 3iQ’s Solana Staking ETF—recently launched in Canada—through its ARK Next Generation Internet (ARKW) and Fintech Innovation (ARKF) funds.

This move marks a milestone, as these ARK funds become the first U.S.-listed ETFs to gain access to Solana via a spot-based product, albeit through a Canadian listing.

While U.S. regulators have yet to approve a domestic spot Solana ETF, this indirect exposure provides a new entry point for institutional investors seeking access to the network.

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Solana has gained significant traction this year, ranking second behind Ethereum in terms of total value locked, with over $7 billion spread across its ecosystem.

The recent approval of Solana ETFs by Canadian regulators and the introduction of SOL futures on the CME are viewed as strong signals that U.S. approval may be approaching.

ARK, which already manages a nearly $4 billion spot Bitcoin ETF and previously explored an Ether ETF, appears to be positioning itself early for broader institutional interest in Solana—using a global workaround to stay ahead of regulatory lag.

Alexander Stefanov