JPMorgan Chase and Dartmouth College have increased their holdings in Solana ETFs, reflecting growing institutional interest in the cryptocurrency. According to recent Q1 13F filings, JPMorgan disclosed a $523,000 position in Bitwise’s Solana Staking ETF, while Dartmouth College added $3.30 million to its Solana ETF stake, bringing its total crypto exposure to $14.50 million.
The Bitwise Solana Staking ETF has seen significant traction, with total inflows reaching $900 million, including $677 million post-launch. In May alone, Solana ETFs have attracted over $90 million, with the largest single-day inflow of $26.57 million occurring on May 12. Despite these inflows, Solana's price remains about 70% below its all-time high, trading between $78 and $98. Analysts suggest a breakout above $98 could signal a shift in market structure.
JPMorgan and Dartmouth Expand Solana ETF Holdings Amid Institutional Interest
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