Wall Street institutions invested a total of $540 million in the US Solana ETF in Q4 of last year.

PANews reported on March 10th that, according to Cointelegraph, data shared by Bloomberg ETF analyst James Seyffart shows that Wall Street institutions invested over $540 million in the U.S. spot Solana ETF in the fourth quarter of last year. Electric Capital Partners led the way with $137.8 million, followed by Goldman Sachs with $107.4 million. Elequin Capital, SIG Holding, and Multicoin Capital were also among the top five investors. Morgan Stanley and Citadel Advisors were also among the buyers.

The data comes from a 13F filing submitted in mid-February, which requires institutions managing over $100 million in assets to disclose their fourth-quarter holdings. Investment advisors were the largest holders with over $270 million, followed by hedge funds with $186.4 million, holding companies with $59.5 million, brokerages with $20.3 million, and banks with $4.5 million. Although the market value of the approximately 4.3 million SOL tokens corresponding to these holdings has fallen by over 30% since the end of last year, the Solana ETF has seen cumulative inflows of $952 million since its launch last October.