ARK Invest, the asset management firm founded by Cathie Wood, purchased 8,579 shares of the 3iQ Solana Staking ETF on September 28 in a transaction worth approximately $85,500, according to the firm's disclosed trading activity. ARK Invest publishes its equity trades after each trading session, a disclosure practice that enables outside observers and third-party trackers to follow the firm's portfolio moves as they happen.

The purchase follows additional SOLQ acquisitions on September 23 and September 25, extending ARK Invest's recent exposure to Solana and adding to a series of purchases made throughout the month. According to the disclosed figures, the firm bought 6,362 shares on September 25 and 5,589 shares on September 23, showing that the position was built through several transactions rather than a single allocation. Further changes to the position, if they occur, would appear in the firm's daily trade disclosures.

The trading activity was highlighted by Ark Invest Tracker in a post on X (formerly Twitter):

HERE ARE ALL THE MOVES CATHIE WOOD AND $ARK INVEST MADE IN THE STOCK MARKET TODAY 9/28 pic.twitter.com/l4ai7WXRz8

— Ark Invest Tracker (@ArkkDaily) September 29, 2026

The latest move gives Solana exchange-traded fund exposure another boost as institutional access to crypto assets continues to broaden.

ARK Expands Solana ETF Exposure

The 3iQ Solana Staking ETF trades on the Toronto Stock Exchange under the tickers SOLQ and SOLQ.U. Launched in April 2025, the fund provides investors with exposure to Solana (SOL) while incorporating staking into its investment strategy. Its structure gives traditional-market participants a way to access Solana's network economics without directly managing tokens or operating staking infrastructure. The Toronto listing places the fund in a market that moved early on crypto fund structures; Canadian regulators approved North America's first Bitcoin ETF in February 2021.

ARK Invest already held exposure to SOLQ through its ARK Next Generation Internet ETF and its ARK Fintech Innovation ETF. In April 2025, 3iQ announced that ARK had invested more than $10 million cumulatively in the Solana ETF, making the recent purchases part of a broader institutional position rather than a new entry into the asset.

SOLQ combines direct SOL exposure with staking rewards, giving investors a regulated vehicle to participate in Solana's growth. According to 3iQ, the fund's holdings are fully secured in cold storage and the product offers daily yield accrual from staking.

The ETF also reflects a broader shift in how investors can gain exposure to cryptocurrency. Instead of purchasing SOL directly, investors can use an exchange-traded structure that combines asset exposure with professional custody and staking operations.

Solana Gains Institutional Attention

Wood has long maintained a strong position on digital assets. ARK was the first public fund manager to invest in Bitcoin through its ARKW ETF in 2015, demonstrating an early willingness to provide traditional investors with access to emerging crypto markets. Her firm's continued Solana purchases add another layer to that approach.

Solana has developed into one of the largest blockchain networks by market value, and its ecosystem supports decentralized finance, stablecoins, consumer applications, and other forms of on-chain activity.