Institutional Giants Rothschild and PNC Invest in Solana ETFs, Sparking 5% SOL Price Surge

Rothschild Investment LLC and PNC Financial Services have disclosed significant holdings in the Volatility Shares Solana ETF (SOLZ), marking a pivotal moment for institutional adoption of Solana-based financial products. Rothschild, managing $1.5 billion in assets, holds 6,000 shares of SOLZ valued at $132,720, while PNC, with $569 billion in assets, owns 1,453 shares worth $32,140, according to recent SEC filings.

This institutional interest has fueled substantial inflows into Solana ETFs, with $336 million in net inflows over two weeks. The Bitwise Solana Staking ETF (BSOL) led the surge, attracting $323.8 million alone. Consequently, Solana's native token, SOL, experienced a nearly 5% price increase, reaching $167, with analysts noting key support at $150 and a TD Sequential buy signal indicating a potential rebound.

Additionally, SOL futures open interest rose by nearly 3% to $7.80 billion, with platforms like CME and Binance reporting gains. These developments reflect growing confidence in Solana's ecosystem and suggest a broader trend toward mainstream acceptance of blockchain assets.