ARK Invest Snaps Up 3iQ Solana Staking ETF Shares Amid Crypto Yield Hunt
ARK Invest has purchased $30,000 worth of shares in the 3iQ Solana staking ETF through one of its funds on July 27. This marks a modest addition to ARK's growing exposure to digital assets.
The Solana staking ETF provides investors with exposure to Solana price movements while also generating additional yield through staking rewards. This dual structure combines price appreciation with staking income, distinguishing it from traditional crypto ETFs that focus solely on spot or futures exposure.
ARK's purchase signals continued institutional interest in staking-based crypto products. The firm is known for its research-driven approach and active management strategy, which frequently rebalances portfolios based on long-term conviction and market conditions.