A new wave of 13F filings, which institutional investment managers submit quarterly to disclose equity holdings, has drawn renewed attention to Solana. Several of the world’s largest asset managers disclosed larger positions tied to Solana during the first quarter of 2026.
Asset managers increased exposure through exchange-traded funds, treasury companies, and even public companies connected to memecoin ecosystems.
Citadel Advisors Increased Solana Exposure by 760%
One of the most notable filings came from Citadel Advisors, which manages more than $600 billion in assets. According to its latest 13F filing, Citadel increased its exposure to Solana through Bitwise’s Solana ETF ($BSOL). The firm raised its position from approximately $2.6 million to $22.3 million during the first quarter of 2026.
The increase represented a 760% jump in exposure over the previous quarter. The filing immediately attracted attention across crypto markets because Citadel has historically taken a more measured approach to digital assets than many firms that operate primarily within the cryptocurrency industry.
Morgan Stanley Doubles Its $BSOL Position
Morgan Stanley, one of the largest banking and wealth management firms in the United States, also increased its Solana exposure during the quarter. The banking giant expanded its position in Bitwise’s Solana ETF ($BSOL).
According to the filing data, Morgan Stanley increased the value of its position to approximately $29.9 million, up from $15.3 million previously. The move nearly doubled the firm’s exposure within a single quarter.
BlackRock and Vanguard Added Exposure Through Solana Treasury Companies
The filings also revealed activity from the world’s two largest asset managers. BlackRock, the world’s largest asset manager, disclosed positions across several Solana treasury companies during the first quarter of 2026. The filings included exposure to Solana treasury companies such as Forward Industries and Defi Development Corp., with combined exposure totaling roughly $11 million.
Vanguard, the world’s second-largest asset manager with roughly $12 trillion in assets under management, disclosed even larger positions across several Solana treasury companies. Vanguard’s combined exposure reportedly reached approximately $40 million.
The filings suggested that large institutions may increasingly prefer diversified exposure to the Solana ecosystem through public companies rather than ETFs or direct token ownership alone.
$BONK Treasury Exposure Drew Attention
One of the more surprising details from the filings involved exposure connected to $BONK, a Solana-based memecoin. Both BlackRock and Vanguard disclosed positions in Bonk Inc., a publicly traded company focused on the accumulation of the $BONK memecoin on Solana.
According to the filings, Vanguard entities reported holdings of 188,580 shares, while BlackRock disclosed ownership of 33,188 shares.
Goldman Sachs Took the Opposite Approach
While several institutions expanded their exposure to Solana, Goldman Sachs, one of the world’s largest investment banks, moved in the opposite direction.
According to its latest Form 13F filing with the United States Securities and Exchange Commission, Goldman Sachs sharply reduced its holdings in crypto ETFs during the first quarter of 2026.
The bank fully exited its positions in Solana-linked and XRP-linked ETFs. Its previous exposure included the Grayscale Solana Trust ETF, the Bitwise Solana Staking ETF, and the Fidelity Solana Fund, all of which provide institutional investors with indirect exposure to Solana-related assets. The latest filing showed no remaining exposure to Solana or XRP ETFs.
However, the filing did not indicate a complete withdrawal from the broader Solana ecosystem. Goldman Sachs still maintained exposure to Solana treasury companies, highlighting an important distinction between direct ETF exposure and equity-based crypto strategies.
As institutional participation evolves, future filings may offer an even clearer view into how traditional finance firms plan to approach Solana and the broader digital asset market in the years ahead.
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