Bloomberg Analyst Reveals Latest Data: Wall Street Invested Half a Billion Dollars in This Altcoin!
In the US, after Bitcoin (BTC) and Ethereum (ETH), spot ETFs for XRP, Solana, and many altcoins are planned for launch in 2025.
While altcoin ETFs are attracting Wall Street’s attention, Bloomberg ETF analyst James Seyffart has revealed investment data regarding Solana ETFs.
According to a Bloomberg analyst, investment advisors hold a $270 million portfolio in spot Solana ETFs.
Bloomberg ETF analyst James Seyffart shared 13F filing data from his X account, revealing the institutional investors in spot Solana ETFs.
According to investor type in spot Solana ETFs, investment advisors held the largest share with $270.04 million, followed by hedge funds, holding companies, brokerage firms, and banks.
Among individual firms, Electric Capital Partners was the largest investor with $137.76 million, followed by Goldman Sachs with $107.43 million and Elequin Capital with $87.90 million. Multicoin Capital with $30.9 million, Morgan Stanley with $15.3 million, and VanEck with $6.9 million were also significant names on the list.
Bloomberg ETF analyst Eric Balchunas stated in a post last week that despite the decline in Solana’s price, total inflows into spot Solana ETFs have remained strong in recent months.
Balchunas noted that the spot Solana ETFs, launched last July, have attracted approximately $1.5 billion in funding with virtually no outflows. He also added that about 50% of the total assets came from institutions required to file Form 13F.
*This is not investment advice.
Continue Reading: Bloomberg Analyst Reveals Latest Wall Street Invested Half a Billion Dollars in This Altcoin!
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