ARK Invest has expanded its crypto holdings by adding shares of 3iQ’s Solana Staking ETF (SOLQ) to two of its exchange-traded funds (ETFs). The asset manager confirmed the portfolio adjustments in a note to clients on April 21. The ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) now include shares of the Canadian-listed Solana Staking ETF. According to ARK Invest, these are the first US-listed ETFs with exposure to Solana.
Both ETFs focus on disruptive technologies and include a portfolio of tech stocks, investments in crypto companies like Coinbase, Block, and Robinhood, and direct investments in cryptocurrency. The SOLQ ETF stakes SOL tokens, allowing investors to gain exposure to Solana’s native cryptocurrency while also benefiting from staking returns. The launch came shortly after Canadian regulators gave the green light to several Solana ETFs, including 3iQ’s product.
Approval for direct spot ETFs on Solana by U.S. regulators is still pending. However, the recent listing of Solana futures contracts on the Chicago Mercantile Exchange is seen as a positive signal for potential future approval of Solana spot ETFs in the U.S. US investors currently have access to SOL primarily through derivatives-based ETFs, such as those launched by Volatility Shares in March 2025. These funds track performance through financial derivatives rather than holding the cryptocurrency directly.
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