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ETFs and billions in capital: is Solana set for a price surge?

According to Matt Hougan, Chief Investment Officer at asset manager Bitwise, Solana is on the verge of a substantial price rise.

By Luc Vesters
• 2 min read
ETFs and billions in capital: is Solana set for a price surge?

According to Matt Hougan, Chief Investment Officer at Bitwise, Solana is on the verge of a substantial price rise. He expects a “year-end price rally”, driven by three factors:

  • A (likely) approval of Solana ETFs in the US (95% chance, deadline October 10),
  • Billions in investments from players like Galaxy Digital, Jump Crypto, and Multicoin Capital into new treasury vehicles,
  • Solana’s relatively small market cap ($120 billion) compared with Bitcoin and Ethereum.

According to Hougan, even limited capital inflows can have a big price impact. He compares the role of new Solana treasuries to Michael Saylor's role with Bitcoin.

Solana also stands out from Ethereum in that it processes all transactions on-chain, without extra Layer 2 solutions. That keeps the network attractive for stablecoins, DeFi, and tokenization.

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