PANews reported on March 10th that, according to Cointelegraph, data shared by Bloomberg ETF analyst James Seyffart shows that Wall Street institutions invested over $540 million in the U.S. spot Solana ETF in the fourth quarter of last year. Electric Capital Partners led the way with $137.8 million, followed by Goldman Sachs with $107.4 million. Elequin Capital, SIG Holding, and Multicoin Capital were also among the top five investors. Morgan Stanley and Citadel Advisors were also among the buyers.

The data comes from a 13F filing submitted in mid-February, which requires institutions managing over $100 million in assets to disclose their fourth-quarter holdings. Investment advisors were the largest holders with over $270 million, followed by hedge funds with $186.4 million, holding companies with $59.5 million, brokerages with $20.3 million, and banks with $4.5 million. Although the market value of the approximately 4.3 million SOL tokens corresponding to these holdings has fallen by over 30% since the end of last year, the Solana ETF has seen cumulative inflows of $952 million since its launch last October.