Wall Street Institutions Build $540M Solana ETF Positions in Q4 2025, Led by Electric Capital and Goldman Sachs

In the fourth quarter, institutional investors disclosed more than $540 million in holdings of U.S. spot Solana ETFs, with Electric Capital reporting $137.8 million in exposure and Goldman Sachs following at $107.4 million. Investment advisors held over $270 million of these products, while hedge funds reported $186.4 million, even as the underlying 4.3 million SOL tokens have since dropped by more than 30% in price. Despite the price decline, cumulative flows into U.S. spot Solana ETFs have continued to rise.