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Bitwise CIO Predicts SOL Could See Epic Year-End Rally, Multiple Spot ETFs to Act as Catalyst
BlockBeats News, September 10th, Bitwise Chief Investment Officer Matt Hougan stated in the latest memo to clients that SOL is expected to perform strongly by the end of the year. ETF inflows and corporate treasury purchases will drive a rally similar to BTC and ETH. A relatively small amount of inflows into Solana could significantly boost the price in the coming months, potentially ushering in an epic rally by the end of the year.
Matt Hougan believes that Solana now has the same conditions as Bitcoin and Ethereum did after the ETF approval, poised to follow this path to a surge. Several issuers, including Grayscale, VanEck, Franklin Templeton, Fidelity, Invesco/Galaxy, Canary Capital, and Bitwise themselves, have submitted applications for physically-backed Solana ETFs in the United States. It is expected that the U.S. Securities and Exchange Commission (SEC) will make a decision by October 10th, driving the listing of multiple Solana spot ETFs in the fourth quarter.
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