In brief
- Cantor Fitzgerald disclosed its first reported Solana ETF position in a Q3 Form 13F filing.
- The stake totaled 58,000 shares valued at $1,282,960, aligning with SOLZ’s $22.12 quarter-end price.
- A traditional firm buying a Solana ETF helps reduce perceived risk for everyday investors, Decrypt was told.
Cantor Fitzgerald has disclosed stakes in a Solana exchange-traded fund in its latest Form 13F filing with the SEC, the first time it has reported exposure to a regulated Solana product.
The position places a major Wall Street broker among institutions now showing officially documented interest in Solana-linked exchange-traded funds.
Submitted to the SEC in mid-November, the filing shows 58,000 shares of the Volatility Shares Solana ETF (Nasdaq: SOLZ). At the time of filing, the position was valued at $1,282,960.
While the document does not list a specific share price at the time of acquisition, Decrypt found a corresponding figure according to historical data from Google Finance showing the fund closing at $22.12 on September 30, which marks the end of the third quarter.
Decrypt has reached out to Cantor Fitzgerald for comment on why it added exposure to a Solana-linked ETF during the quarter, and whether this reflects its broader evaluation of exchange-traded funds tied to digital assets.
The Volatility Shares Solana ETF offers futures-based exposure to Solana rather than holding the token directly. It began trading in March on Nasdaq. “It’s really us being first to market again,” Volatility Shares co-founder and CEO Justin Young told Decrypt at the time.
Cantor’s disclosure comes as a new wave of Solana ETFs arrived on U.S. markets last month, with issuers including Fidelity, Canary, and VanEck rolling out their respective products.
Those filings track a broader push by issuers to bring spot products to market after the SEC cleared them in September.
Since then, asset managers have been experimenting with different approaches, from staking features to index construction and custody setups, to see how much investor appetite goes beyond Bitcoin and Ethereum.
“When a firm like Cantor Fitzgerald discloses Solana ETF exposure, it helps de-risk the category in the eyes of mainstream investors,” Jonathan Inglis, founder and CEO of crypto-focused consumer research firm Protocol Theory, told Decrypt.
Citing their own study, Inglis observes that retail sentiment across APAC, for instance, has remained cautious, with adoption for digital assets “still shaped by concerns over scams and security,” even as expectations for crypto’s long-term role continue to rise.
Out of over 4,000 adults across the region, 65% of those from developed markets said “they are worried about scams and fraud,” while 31% “cited security concerns as a primary barrier,” Inglis noted.
“Against that backdrop, a traditional firm holding a Solana ETF signals that some of those attitudes are beginning to shift from expectation to actual market behavior,” Inglis said. “Seeing a traditional firm hold a Solana ETF is evidence of that belief moving from sentiment into practice.”
Cantor’s move suggests that traditional finance, more broadly, is “exploring Solana exposure through the most familiar, low-friction channels available to everyday investors,” instead of being ”a niche product that sits outside the core investment toolkit,” he added.
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