Bitwise CIO Predicts SOL Could See Epic Year-End Rally, Multiple Spot ETFs to Act as Catalyst

On September 10th, Matt Hougan, the Chief Investment Officer of Bitwise, stated in the latest memo to clients that it is expected that SOL will perform strongly by the end of the year. ETF inflows and corporate treasury purchases will lead to a rally similar to that of BTC and ETH. A relatively small amount of inflows into Solana could significantly drive up the price in the coming months and potentially bring about 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 approval of ETFs and is 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, which will drive the listing of multiple Solana spot ETFs in the fourth quarter.