Cathie Wood's ARK Invest Adds 5,589 Shares of 3iQ Solana (SOL) Staking ETF

ARK Invest Adds to SOLQ

ARK Invest, the asset manager led by Cathie Wood, bought an additional 5,589 shares of the 3iQ Solana Staking ETF (SOLQ), a purchase valued at roughly $51,000, per the firm's disclosed portfolio activity for Sept. 24. The add-on came weeks after ARK picked up 10,003 shares of the same product for about $81,000 on Sept. 2, lifting its disclosed September accumulation of SOLQ to 15,592 shares. ARK first entered the fund in April 2025 through its ARK Next Generation Internet ETF (ARKW) and 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 a proof-of-stake blockchain, the fund also captures yield on the SOL it holds — a feature spot Bitcoin products cannot replicate. The product cleared Canadian regulatory review and began trading in April of last year.

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. Against that backdrop, 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 the same way: Solana ETFs logged their 12th consecutive week of net inflows through Sept. 21, total net assets climbed to about $1.74 billion, and 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. For investors weighing direct exposure, our step-by-step guide on how to buy Solana covers the practical entry points.

Gate Opens GP Perpetual Futures

Separately, exchange Gate has launched perpetual futures on GP, a meme token issued on the Solana chain, adding the 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 anywhere 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 notice 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 ever holding the underlying token. 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. 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. Gate ranks among the best crypto exchanges in our comparison guide, and leveraged launches like this are how venues compete for the meme-token flow that Solana's on-chain economy keeps producing. Readers tracking the market in real time can follow live spot and futures prices on Bybit.

$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 our live market data shows 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.