ARK Invest Adds to SOLQ Position

ARK Invest, the asset manager led by Cathie Wood, purchased an additional 5,589 shares of the 3iQ Solana Staking ETF (SOLQ), a transaction valued at roughly $51,000, according to the firm's disclosed portfolio activity for Sept. 24. The purchase marked the firm's second addition to the position this month, following an earlier pickup of 10,003 shares for about $81,000 on Sept. 2, lifting ARK's disclosed September accumulation of SOLQ to 15,592 shares. The figures surface through ARK's daily trade disclosures, which put each ETF buy and sell into the public record as it happens.

ARK first entered the fund in April 2025 through two of its flagship products, the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF). SOLQ, managed by Canadian asset manager 3iQ, gives holders price exposure to Solana (SOL) and folds staking rewards earned on the fund's holdings into its returns. Because Solana runs on a proof-of-stake blockchain, the fund also captures yield on the SOL it holds — a feature that spot Bitcoin products cannot replicate. Inside the ETF wrapper, that yield accrues to an ordinary brokerage position, with the fund staking on holders' behalf rather than leaving wallet management and validator delegation to individual investors. The product cleared Canadian regulatory review and began trading in April 2025.

Purchase Contrasts With Broader Portfolio Reshuffle

The buy stands out against ARK's broader portfolio reshuffle. The firm has sold roughly $40 million worth of its own ARK 21Shares Bitcoin ETF (ARKB) and trimmed positions in digital-asset companies including Circle and Coinbase, while reallocating toward technology names such as CoreWeave and Meta. In that context, raising SOL exposure rather than cutting it alongside the Bitcoin and exchange-stock reductions reads as a deliberate rotation within the digital-asset sleeve, not a wholesale de-risking.

Fund-level flows point in the same direction. Solana ETFs logged their 12th consecutive week of net inflows through Sept. 21, and total net assets climbed to about $1.74 billion. Bitwise's BSOL fund crossed $1 billion in assets under management as regulated channels into the Solana ecosystem widened. Staking returns are not fixed interest, however; they vary with network conditions and validator operating costs. The next weekly print will show whether the inflow streak reaches 13 weeks.

Gate Opens GP Perpetual Futures

Separately, exchange Gate has launched perpetual futures on GP, a meme token issued on the Solana chain, adding contract to the meme-focused section of its derivatives platform according to the venue's official announcement dated Sept. 24. At the order stage, traders can choose leverage from 1x to 10x, open long or short positions, and attach Gate's automated trading bots and copy-trading tools to the contract.

GP takes its name from “Gold Pieces,” the currency of the classic online game RuneScape, and positions itself as a reward-based meme token; the announcement states the asset was deployed on Solana. The listing is a derivative contract with no expiry date rather than a spot market, meaning traders gain price exposure to GP without holding the underlying token. Perpetual contracts of this sort are a standard fixture across crypto derivatives venues.

The same announcement reserves the exchange's right to adjust the funding rate, minimum price increment, maximum leverage, risk limits and maintenance-margin requirements as market conditions shift — parameters that determine how large a position can grow and where forced closures trigger. Launch terms, in other words, are not locked in. For leveraged traders, the maintenance-margin and risk-limit settings matter most: they define the thresholds at which partial or full liquidation occurs. Perpetual contracts settle funding between long and short holders at periodic intervals, a cost that compounds for positions held across sessions — worth noting given Gate explicitly flagged funding-rate adjustments as a live lever. No trading-volume or price-performance figures for GP were published alongside the announcement, so early adoption of the contract remains unverified. Leveraged launches of this kind are one way derivatives venues compete for the meme-token flow generated by Solana's on-chain economy.

$120 Reclaim in Focus

The two moves trace one arc: Solana's trading infrastructure is thickening from both ends of the sophistication curve. Institutions are building regulated, yield-bearing exposure through staking ETFs, while exchanges push leveraged derivatives down into Solana-native meme assets. The primary record behind the retail-side development, the exchange's official announcement, confirms the 1–10x leverage band and the reserved right to re-tune funding and margin parameters.

On price, SOL changed hands near $115 as of the Sept. 24 session, up roughly 16.3% over seven days, though market data showed spot slipping 3.1% in the past 24 hours. Attention now centers on a $120 reclaim; a sustained break would put the $140–150 resistance band in play, consistent with Peter Brandt's cup-and-handle scenario for SOL.