Bitwise says "all elements are available": Solana may usher in explosive growth
Source: CoinWorld
Time: 2025-09-10 23:11:40
Matt Hougan, Bitwise CIO, said Solana has surged 24% in the past month, which could signal a significant gain at the end of the year. Seven asset management firms, including Grayscale and Fidelity, have applied for Solana spot ETP, with the Securities and Exchange Commission (SEC) set to make an Oct. 10 decision. Recent progress includes companies such as Galaxy Digital investing $1.65 billion in publicly traded company Forward Industries to earn profits by pledging SOLs. Solana's speed (the latest upgrade reduces final confirmation time to 150 milliseconds) and low fees keep it growing in stablecoins and tokenized assets, although critics point to its centralized risks. Hougan recommends keeping a close eye on Solana, as smaller capital inflows could have a significant impact on its $116 billion market cap.