Bloomberg analyst reveals latest data: Wall Street invested half a billion dollars in this altcoin

In the United States, after Bitcoin (BTC) and Ethereum (ETH), spot ETFs on XRP, Solana, and many other altcoins are planned to launch in 2025.

While altcoin ETFs are attracting the attention of Wall Street, Bloomberg ETF analyst James Seyffart has revealed investment data related to Solana ETFs.

According to the Bloomberg analyst, investment advisors hold a portfolio worth $270 million consisting of spot Solana ETFs.

Bloomberg ETF analyst James Seyffart shared data from a 13F report on his X account, revealing information about institutional investors in spot Solana ETFs.

According to the classification of investors in spot Solana ETFs, the largest share ($270.04 million) belongs to investment advisors, followed by hedge funds, holding companies, brokerage firms, and banks.

“Investment advisors: $270.04 million;
hedge funds: $186.06 million;
holding companies: $59.54 million;
brokerage firms: $20.27 million;
banks: $4.51 million.”

Among individual firms, the largest investor was Electric Capital Partners with $137.76 million, followed by Goldman Sachs with $107.43 million and Elequin Capital with $87.90 million.

Other notable investors included:

• Multicoin Capital — $30.9 million
• Morgan Stanley — $15.3 million
• VanEck — $6.9 million

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 high in recent months.

Balchunas noted that spot Solana ETFs, launched in July last year, have attracted approximately $1.5 billion in investments with almost no outflows.

He also added that about 50% of the total assets came from institutions required to file Form 13F.

See also: "Bitcoin balances around $70,000 amid rising risk of a 35% U.S. market crash"

#ETF #Solana (SOL)

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