You Won’t Believe Cathie Wood’s ARK Invest Has Just Bought Solana! Here’s Why It Matters

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Well, well, well. Looks like Cathie Wood’s ARK Invest is taking the plunge into Solana (SOL). Yes, the same ARK Invest that made waves with its bold, some would say “brave,” investments in tech stocks is now diving into the murky waters of crypto with Solana’s native token. Who knew?!

According to a *highly* reliable tweet from Solana Floor (because, apparently, the floor is the place to get your crypto news now), ARK made its grand entrance into the world of Solana via the SOLQ ETF. This, mind you, is a Canada-based staking fund. You know, the kind of place where people like to stash their crypto and not worry about it. Ideal, right? 😎

This little investment marks a milestone for ARK, as it’s the first time they’ve included SOL in any of their U.S.-based ETFs, like ARKF and ARKW. So, in case you missed it, *this* is a big deal. It’s like your grandma getting a smartphone. No one saw it coming, but here we are.

Cathie Wood’s move is a landmark event for Solana. Like, *really* landmark.

Now, let’s talk about this SOLQ ETF. Launched earlier this year in Canada (because, of course, it’s Canada), it allows investors to earn SOL staking yields without the hassle of actually *doing* anything. You can just sit there and let your crypto work for you. Which, honestly, sounds like the dream. Forget about managing your holdings; let it all happen while you kick back and relax. 🍹

ARK’s leap into Solana via SOLQ represents a pretty big shift. They’ve been all about Bitcoin and Ethereum up until now. But Solana? Well, it’s the cool new kid on the blockchain block. And Cathie? She’s like, “Yeah, I’ll take some of that.” Move over, Ethereum – it’s time for proof-of-stake to shine. 💫

Will this cause a stampede of U.S.-based funds rushing to copy ARK’s bold move? Well, probably. Especially with the U.S. SEC finally loosening up its grip on crypto ETFs. It’s like that awkward moment when you’re trying to get into a club, and the bouncer’s like, “Alright, fine, you can come in, but don’t get any ideas.”

And while the U.S. SEC has yet to approve a U.S. Spot Solana ETF (classic SEC), Canadian SOLQ is looking like a solid backup plan. With a 40% rise in developer activity, lightning-fast transactions, and *way* lower fees than Ethereum, Solana is clearly making its case as one of the top blockchains out there. And ARK just hopped on board. 💥

But wait—here’s where it gets interesting. Despite the investment, SOL’s price didn’t exactly explode. In fact, it barely budged. A few cents up, and that’s about it. But don’t worry, Cathie’s not phased. In a 2024 interview with CNBC, she compared Solana to Ethereum, calling it faster and more efficient. You can almost hear the “told you so” in her voice.

Oh, and in case you forgot, ARK Invest did the unthinkable earlier by pulling the plug on its Ethereum ETF plans. That’s right. Gone. Apparently, Ether just couldn’t hold a candle to good ol’ Solana. Go figure. 🔥

In conclusion, this investment? It’s not just about trading speculation. Cathie Wood believes in Solana’s long-term value. So, if you’re looking for innovation, or just want to follow the smartest people in the room, this is definitely one to keep an eye on. Trust me, Cathie knows her stuff. If she’s betting on SOL, maybe it’s time we all did. 🤔

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2025-04-22 01:19