Spot solana ETFs may not have been on the bingo card for every advisor out there, but these funds are growing by the day. Ever since Bitwise led the way with the release of the Bitwise Solana Staking ETF (BSOL), many competitors and firms have been racing to get a slice of the pie. ...

'Big time debut': U.S. spot Solana ETFs draw $200 million in inflows during short debut trading week https://t.co/hWL80CPC3J ...

Core Insights - Forward Industries has completed a significant acquisition, becoming the largest publicly traded Solana treasury with nearly $1.6 billion worth of SOL [1] - The firm initiated its Solana treasury with 6,822,000 SOL at an average price of $232, funded primarily through a $1.65 billion PIPE investment [2] - The acquisition strategy aims to enhance the Solana ecosystem while delivering long-term value to shareholders, as stated by the company's leadership [3] Company Strategy - Forward Industries is executing a differentiated Solana treasury strategy, focusing on benefiting from the growth of the Solana blockchain network [3] - The firm plans to conduct more on-chain transactions in the future, aiming for optimal trade execution [4] - The current holdings of nearly 7 million SOL significantly surpass previous leaders in Solana treasuries, such as Upexi and DeFi Development Corp, which hold around 2 million SOL each [5] Market Reaction - Following the acquisition news, shares of Forward Industries (FORD) increased by 1.32% and have risen over 27% in the last five trading days, reaching $36.58 [5] - Despite a recent 3.5% drop in Solana's value over the last 24 hours, it has gained 10% over the past week, indicating strong market interest [5]