Solana ETFs Soar as Goldman Sachs Joins Institutional Investors

Solana's ETF market has experienced a surge in recent weeks, with spot Solana (SOL) funds crossing the $1 billion mark in assets under management.

Goldman Sachs has taken a significant stake in the market, holding the second-largest institutional position after Bitwise's BSOL, which accounts for approximately 62% of the SOL ETF market. Other notable institutional holders include Morgan Stanley, VanEck, and market makers.

CryptoQuant data shows that oversized whale orders have driven Solana Futures activity since February, while spot volumes remain relatively low. Retail participation has decreased significantly since the November and December slide, when SOL fell from near $190 to $120.