In a major Solana news, financial giants Rothschild Investment and PNC Financial Services have revealed interest in SOL. Latest financial disclosures highlighting holdings in Solana ETF are groundbreaking news, as spot Solana ETFs continue to record inflows despite the crypto market meltdown.
Solana News: Rothschild, PNC Financial Services Invest in SOL
Traditional financial giants’ interest in SOL grew significantly in the past few months amid tokenization and Solana ETF launch anticipation. Investors have abandoned Bitcoin ETFs for staking rewards in Solana ETFs, Bitwise Solana ETF staking 100% of holdings in Solana Staking ETF (BSOL).
Rothschild Investment LLC, with $1.5 billion AuM, has disclosed holdings of 6,000 shares of Volatility Shares Solana ETF (SOLZ). The “sole” investment is worth $132,720, according to the latest US SEC filing.
Rothschild remains one of the major holders in many crypto ETFs, including BlackRock iShares Bitcoin ETF (IBIT) and Grayscale Ethereum ETF (ETHE).
In addition, $569 billion PNC Financial Services has reported 1,453 shares worth $32,140 in Volatility Shares Solana ETF (SOLZ). Notably, Heck Capital Advisors, Belvedere Trading, and Tactive Advisors are the largest holders in SOLZ.
SOL Price Rebound Amid Massive Solana ETF Inflows
The continuous inflows into Solana ETFs remained key news for investors amid buy recommendations by analysts. Notably, Bitwise Solana Staking ETF (BSOL) and Grayscale Solana ETF (GSOL) have recorded total inflows of $336 million in two weeks. BSOL leads with $323.8 million in inflows.
Crypto analyst Ali Martinez pointed out the TD Sequential indicator flashing a buy signal on SOL. Holding the $150 support remained a key level for a potential rebound.
SOL price jumped nearly 5% in the past 24 hours, with the price currently trading at $167. The 24-hour low and high are $157.45 and $168.71, respectively. Furthermore, the trading volume has increased by 55% in the last 24 hours, indicating a complete reversal in sentiment among traders.
Meanwhile, Coinglass data shows the total SOL futures open interest climbed nearly 3% to $7.80 billion in the past 24 hours. SOL futures on CME and Binance jumped almost 5% and 4% in the last 4 hours, respectively.
