US Commerce Secretary Howard Lutnick’s firm, Cantor Fitzgerald, announced its first funding in Solana (SOL).
Accordingly, Cantor Fitzgerald, one of Wall Avenue’s main banks, announced in its most as much as date Fabricate 13F filing with the U.S. Securities and Change Commission (SEC) that it has added the Solana ETF to its portfolio.
In step with this doc, the buy changed into once made in mid-November.
This marks the firm’s first exposure to a regulated Solana product.
The firm, which bought roughly 58,000 Volatility Shares Solana ETF (SOLZ) shares, paid $1.28 million for this SOL funding on the time.
Cantor Fitzgerald acknowledged in a June characterize that they favored Solana over Ethereum as a firm. At that level, Cantor analysts acknowledged that they favored Solana extra as a treasury asset than Ethereum.
He cited the developer enhance at Solana as a long way exceeding that of ETH as the do aside off of selecting Solana. He acknowledged that at this level, the train of SOL as a treasury asset rather than ETH would manufacture extra sense.
*That is no longer funding advice.
