[Coin World] Wall Street has made big moves again.
A detail hidden in the documents recently submitted to the SEC by Cantor Fitzgerald reveals that they hold 58,000 shares of Volatility Shares' Solana ETF ( SOLZ ), which is valued at $1.28 million based on the price at that time.
What is this concept? This old investment bank has never disclosed any regulated Solana exposure in the past. The 13F filing submitted in mid-November is essentially the first time they have openly stated - we are allocating compliant products for SOL.
1.28 million dollars is certainly not a large amount for Cantor Fitzgerald, but the signal significance is different. Traditional financial institutions are starting to enter the Solana ecosystem through tools like ETFs, and this trend itself is worth pondering. Once the product channel under the regulatory framework is opened, the volume of funds that follow may be on a completely different scale.
The SOLZ ETF trades on the Nasdaq and belongs to a compliant channel. What institutions want is this clear and straightforward way of holding positions, without having to deal directly with on-chain assets, with better risk control and approval, and compliance departments won't be in an uproar.
The current question is: Will Cantor Fitzgerald be an example, or is it some kind of beginning?
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Wall Street investment banks disclose Solana ETF holdings for the first time: the signal behind $1.28 million
[Coin World] Wall Street has made big moves again.
A detail hidden in the documents recently submitted to the SEC by Cantor Fitzgerald reveals that they hold 58,000 shares of Volatility Shares' Solana ETF ( SOLZ ), which is valued at $1.28 million based on the price at that time.
What is this concept? This old investment bank has never disclosed any regulated Solana exposure in the past. The 13F filing submitted in mid-November is essentially the first time they have openly stated - we are allocating compliant products for SOL.
1.28 million dollars is certainly not a large amount for Cantor Fitzgerald, but the signal significance is different. Traditional financial institutions are starting to enter the Solana ecosystem through tools like ETFs, and this trend itself is worth pondering. Once the product channel under the regulatory framework is opened, the volume of funds that follow may be on a completely different scale.
The SOLZ ETF trades on the Nasdaq and belongs to a compliant channel. What institutions want is this clear and straightforward way of holding positions, without having to deal directly with on-chain assets, with better risk control and approval, and compliance departments won't be in an uproar.
The current question is: Will Cantor Fitzgerald be an example, or is it some kind of beginning?