ARK Invest Continues Accumulating Solana ETF in September as Cathie Wood Bets on On-Chain Economy

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Yesterday

According to Woofun AI, Cathie Wood has been steadily increasing her position in the 3iQ Solana Staking ETF through ARK Invest, a series of moves that signals a strategic intent to deepen institutional-grade exposure to the Solana ecosystem using traditional financial instruments.

This action is not an isolated event, but rather the latest extension of her long-term positioning in the cryptocurrency space, aimed at offering investors a new avenue to access the on-chain economy through an ETF structure.

In terms of trading cadence, ARK Invest has adopted a phased position-building strategy to smooth out entry costs.

Data compiled by Woofun AI shows that on September 28, the firm purchased 8,579 shares of SOLQ stock at approximately $85,500; previously, on September 25 and September 23, it completed purchases of 6,362 shares and 5,589 shares, respectively.

These trades were all executed on the Toronto Stock Exchange under the ticker symbols SOLQ and SOLQ.U, reflecting a cautious approach by institutional capital to gradually accumulate holdings through multiple small transactions rather than a single large-scale investment.

The 3iQ Solana Staking ETF was launched in April 2025, and its core mechanism lies in incorporating staking yields into its investment strategy, enabling traditional market participants to engage in the Solana on-chain economy without directly managing SOL tokens or staking infrastructure.

The fund's assets are held in cold storage and are capable of generating daily yields.

ARK Invest had previously held SOLQ through the ARK Next Generation Internet ETF (ARKW.US) and the ARK Fintech Innovation ETF (ARKF.US). As of April 2025, its cumulative investment in this ETF had exceeded $10 million, and this latest purchase represents an expansion of its existing holdings.

Cathie Wood has been the first public fund management company to invest in Bitcoin through the ARKW ETF since 2015, demonstrating her early keen insight into digital assets.

Now, as Solana has grown into one of the leading blockchain networks by market capitalization, encompassing decentralized finance, stablecoins, consumer applications, and various on-chain activities, ARK Invest's continued buying further enriches its strategic positioning and reveals the evolving trend of traditional capital accelerating into the crypto ecosystem through ETF channels.

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