Solana may become the next cryptocurrency to surge
Matt Hougan, Chief Investment Officer of Bitwise, pointed out that the adoption by enterprises and institutions is driving demand and prices up: Bitcoin surged from $40,000 to $112,000, and Ethereum from $1,500 to $4,500, all driven by ETP inflows and corporate purchases:
SOL is now in a similar situation: several issuers - Bitwise, Grayscale, VanEck, Franklin Templeton, Fidelity, Invesco/Galaxy, and Canary Capital - have applied to launch a spot Solana ETP, with a ruling from the Securities and Exchange Commission expected by October 10, 2025;
With Solana adoption growing at an unprecedented pace, the fourth quarter could be the moment for SOL. Billions are about to flow in! $SOL
