<div id="readability-page-1"><div>Silicon Valley-based venture capital firm Electric Capital Partners 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 over $540 million worth of the ETFs in the quarter.Electric Capital and Goldman Sachs took out 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.Morgan Stanley and Citadel Advisors were among the other notable institutions that bought spot Solana ETFs after Bitwise launched the first Securities and Exchange Commission-approved spot Solana ETF on Oct. 28.<figure></figure>Seyffart’s data comes from 13F filings submitted to the SEC in mid-February, where institutions managing over $100 million in assets are required to disclose their Q4 holdings and position sizes.Investment advisors accounted for by far the largest share of spot Solana ETF ownership at over $270 million, while hedge fund managers came in next at $186.4 million.Holding companies and brokerage firms held $59.5 million and $20.3 million, while banks held $4.5 million.<figure></figure>The $540 million in Solana ETF holdings was backed by approximately 4.3 million SOL tokens.However, those 4.3 million SOL tokens have fallen over 30% in market value since the end of Q4, from $124.95 to $86.53 at the time of writing.SOL ETF net flows steadying despite price fallBloomberg ETF analyst Eric Balchunas noted on Thursday that cumulative flows into spot Solana ETFs have held strong in recent months despite Solana’s price fall.Balchunas also noted that 50% of Solana ETF assets are held by these 13F-filing firms, arguably making for a more serious investor base.Farside Investors data shows that US spot Solana ETFs have accumulated $952 million worth of inflows since launching in the US.</div></div>

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In Q4, US spot Solana ETFs attracted $540 million, with Electric Capital and Goldman Sachs as the largest buyers. Data from Bloomberg reveals that the top 30 institutional holders purchased over $540 million worth of these ETFs. Investment advisors led ownership with over $270 million, despite a 30% drop in SOL token value since Q4. Notably, cumulative flows into Solana ETFs have remained strong, totaling $952 million since their US launch.

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Invesco Galaxy Solana ETF

Bitwise Solana Staking ETF

Grayscale Solana Staking ETF

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

Fidelity Solana Fund

Goldman Sachs

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ProShares Ultra Solana ETF

2x Solana ETF

VanEck Solana ETF

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

Franklin Solana ETF

Solana ETF

Wall Street funneled $540M into US Solana ETFs in Q4: Bloomberg