Investment firms have poured a staggering $540 million into the US spot Solana ETFs during the fourth quarter, as per recent data from Bloomberg. The largest contributions came from investment advisors at $270 million, followed closely by hedge fund managers with $186 million.

Prominent institutions such as Electric Capital and Goldman Sachs were among the leading buyers, acquiring $137.8 million and $107.4 million respectively in Solana ETF assets. These ETFs were launched for trading in the US last October.

Data shared by ETF analyst James Seyffart revealed that the top 30 institutional holders have accounted for over $540 million in investments within this quarter. This included notable firms like Morgan Stanley and Citadel Advisors, who also entered the market after the SEC approved the first Solana ETF in late October.

Despite the recent decline in Solana’s market value, with 4.3 million SOL tokens echoed to have lost over 30% in worth, the inflows into these ETFs remain stable. Analyst Eric Balchunas observed steady contributions reflecting a resilient investor base, as these established firms continued to participate actively in the Solana ETF landscape.