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I just saw an analysis from Bloomberg about who is really behind the Solana ETF. It turns out they are not just retail traders, but also include some of the biggest institutional players in the crypto market.
According to the data they shared, Electric Capital Partners leads with over $137 million in positions. Next is Goldman Sachs with slightly over $107 million, and Elequin Capital around $87.9 million. The interesting part is that Morgan Stanley also has a significant exposure in the fund.
This shows that the main investors including Solana ETF in their portfolios are primarily market makers and established crypto investment funds. Basically, it’s the group of institutions we already know moving money into Solana. It seems that institutional interest in SOL remains quite strong.