ARK adds staked Solana to two tech ETFs

ARK Invest has added exposure to staked Solana (SOL) to the portfolios of two of its exchange-traded funds (ETFs), the asset manager said in a client email reviewed by Cointelegraph.
As of April 21, the two ARK funds — ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) — now hold shares of 3iQ’s Solana Staking ETF (SOLQ), a Canadian ETF holding staked SOL, ARK said.
The two ARK funds are designed to offer broad exposure to emerging technologies, and comprise a mix a technology stocks — including crypto-focused companies such as Coinbase, Block, and Robinhood — and spot cryptocurrencies, according to ARK’s website.
According to ARK, adding the SOL ETF shares makes “ARKW and ARKF the first US-listed ETFs to gain exposure to Solana.”
In March, asset manager Volatility Shares launched two ETFs that offer exposure to SOL using financial derivatives, but spot Solana ETFs are still awaiting approval by US regulators.
Related: Spot Solana ETFs to launch in Canada this week
Solana ETFs’ proposals line up for approval
Experts say the recent listing of Solana futures on the Chicago Mercantile Exchange (CME), a US derivatives exchange, indicates that US SOL ETF listings are coming soon.
Last week, 3iQ launched its Solana ETF in Canada following approval of several such funds by the Ontario Securities Commission (OSC), Canada’s largest securities regulator.
Solana is the second-most popular blockchain network after Ethereum. Its total value locked exceeds $7 billion, versus approximately $45 billion for the Ethereum network, according to data from DefiLlama.
The US Securities and Exchange Commission (SEC) authorized spot Ether ETFs to trade in the United States in July 2024.
In July, ARK partnered with 21Shares, a crypto-focused fund issuer, to launch ARK 21Shares Bitcoin ETF (ARKB), a spot Bitcoin (BTC) fund with nearly $4 billion in net assets as of April 21, according to ARK’s website
It also partnered with 21Shares on an Ether ETF but dissolved the partnership in June, shortly before the fund launched under 21Shares’ branding.
Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1
Bitcoin (BTC) $ 121,424.00
Ethereum (ETH) $ 4,274.37
XRP (XRP) $ 3.31
Tether (USDT) $ 0.999787
BNB (BNB) $ 813.76
Solana (SOL) $ 183.73
USDC (USDC) $ 0.999715
Lido Staked Ether (STETH) $ 4,265.20
Dogecoin (DOGE) $ 0.235247
TRON (TRX) $ 0.340799
Cardano (ADA) $ 0.816120
Wrapped stETH (WSTETH) $ 5,162.38
Wrapped Bitcoin (WBTC) $ 121,209.00
Hyperliquid (HYPE) $ 46.04
Chainlink (LINK) $ 21.85
Stellar (XLM) $ 0.457163
Wrapped Beacon ETH (WBETH) $ 4,593.99
Sui (SUI) $ 3.85
Wrapped eETH (WEETH) $ 4,583.39
Bitcoin Cash (BCH) $ 575.20
Hedera (HBAR) $ 0.262998
Ethena USDe (USDE) $ 1.00
Avalanche (AVAX) $ 24.19
WETH (WETH) $ 4,274.38
Litecoin (LTC) $ 125.04
Toncoin (TON) $ 3.37
LEO Token (LEO) $ 9.02
USDS (USDS) $ 0.998721
Shiba Inu (SHIB) $ 0.000014
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999867
Uniswap (UNI) $ 11.02
WhiteBIT Coin (WBT) $ 45.65
Coinbase Wrapped BTC (CBBTC) $ 121,440.00
Polkadot (DOT) $ 4.06
Cronos (CRO) $ 0.169943
Ethena (ENA) $ 0.821471
Ethena Staked USDe (SUSDE) $ 1.19
Monero (XMR) $ 277.73
Bitget Token (BGB) $ 4.46
Pepe (PEPE) $ 0.000012
Aave (AAVE) $ 305.59
Dai (DAI) $ 0.999865
Bittensor (TAO) $ 384.21
Mantle (MNT) $ 1.05
Ethereum Classic (ETC) $ 23.14
NEAR Protocol (NEAR) $ 2.75
Ondo (ONDO) $ 1.03
Aptos (APT) $ 4.73
Pi Network (PI) $ 0.405201
Internet Computer (ICP) $ 5.64
OKB (OKB) $ 46.53
Jito Staked SOL (JITOSOL) $ 224.61
Binance-Peg WETH (WETH) $ 4,271.83
Pudgy Penguins (PENGU) $ 0.039824
Kaspa (KAS) $ 0.092999
Algorand (ALGO) $ 0.274677
Arbitrum (ARB) $ 0.461380
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
POL (ex-MATIC) (POL) $ 0.244171
USD1 (USD1) $ 0.999859
VeChain (VET) $ 0.025168
Cosmos Hub (ATOM) $ 4.66
Bonk (BONK) $ 0.000028
Render (RENDER) $ 3.95
Rocket Pool ETH (RETH) $ 4,859.17
Worldcoin (WLD) $ 1.08
Gate (GT) $ 16.73
Story (IP) $ 6.74
Fasttoken (FTN) $ 4.58
Kelp DAO Restaked ETH (RSETH) $ 4,482.22
sUSDS (SUSDS) $ 1.06
Binance Staked SOL (BNSOL) $ 196.23
Artificial Superintelligence Alliance (FET) $ 0.723568
Sei (SEI) $ 0.321671
Sky (SKY) $ 0.087445
Official Trump (TRUMP) $ 9.19
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.18
Filecoin (FIL) $ 2.61
SPX6900 (SPX) $ 1.88
Lombard Staked BTC (LBTC) $ 121,317.00
Flare (FLR) $ 0.022726
StakeWise Staked ETH (OSETH) $ 4,496.13
Jupiter (JUP) $ 0.521686
Liquid Staked ETH (LSETH) $ 4,587.04
Mantle Staked Ether (METH) $ 4,572.65
KuCoin (KCS) $ 11.93
XDC Network (XDC) $ 0.090614
USDtb (USDTB) $ 0.999827
Provenance Blockchain (HASH) $ 0.030255
Injective (INJ) $ 14.39
Curve DAO (CRV) $ 1.00
Stacks (STX) $ 0.774602
Optimism (OP) $ 0.790042
Celestia (TIA) $ 1.85
USDT0 (USDT0) $ 1.00
NEXO (NEXO) $ 1.35
Lido DAO (LDO) $ 1.48
First Digital USD (FDUSD) $ 0.996901
Renzo Restaked ETH (EZETH) $ 4,507.16
Pump.fun (PUMP) $ 0.003615