US Commerce Secretary Howard Lutnick's company, Cantor Fitzgerald, announced its first investment in Solana (SOL).
Accordingly, Cantor Fitzgerald, one of Wall Street's leading banks, announced in its latest Form 13F filing with the U.S. Securities and Exchange Commission (SEC) that it has added the Solana ETF to its portfolio.
According to this document, the purchase was made in mid-November.
This marks the company's first exposure to a regulated Solana product.
The company, which purchased approximately 58,000 Volatility Shares Solana ETF (SOLZ) shares, paid $1.28 million for this SOL investment at the time.
Cantor Fitzgerald stated in a June report that they favored Solana over Ethereum as a company. At that point, Cantor analysts stated that they favored Solana more as a treasury asset than Ethereum.
He cited the developer growth at Solana as far exceeding that of ETH as the reason for choosing Solana. He stated that at this point, using SOL as a treasury asset instead of ETH would make more sense.
*This is not investment advice.
