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Just saw interesting data about who is seriously buying Solana ETF. Turns out it's not retail traders like us, but market makers and large investment institutions leading the way. James Seyffart from Bloomberg just shared data on top investors entering this instrument.
According to the latest data, Electric Capital Partners has already invested with an exposure of over $137 million, followed by Goldman Sachs with $107 million, and Elequin Capital around $87.9 million. Even Morgan Stanley is involved here with $15.3 billion. This is like a "constellation" of serious crypto institutions and market makers.
Looking at movements like this from institutions, it seems there is quite a bit of confidence in Solana for the long term. Not to mention, the price of 1 Solana continues to attract attention in the market. So this isn't just hype, but backed by serious players in the industry.