Bitwise Asset Management has made clear it is bullish on solana, highlighting its growing conviction in the digital asset’s potential to outperform as crypto markets evolve. The firm’s chief investment officer, Matt Hougan, explained on Oct. 30 on social media platform X that SOL represents one of the strongest opportunities in crypto.
Hougan stated:
One reason I’m so bullish on solana … When I’m investing in solana, I’m also making two bets at once.
He said those bets involve both the expansion of the stablecoin and tokenization markets and Solana’s ability to capture a greater share of them. Hougan pointed to Solana’s speed, scalability, and low transaction costs as competitive advantages, adding that its developer ecosystem, growing decentralized finance (DeFi) activity, and rising institutional adoption underpin Bitwise’s positive outlook. He also noted that corporate interest, such as Western Union’s decision to build a stablecoin on Solana, signals broader confidence in the network’s utility and performance.
The Bitwise executive clarified:
To be clear: I’m very bullish on Ethereum and select other blockchains. But I do like solana’s odds of winning a larger share of this market. It offers fast, user-friendly technology, backed by a great community with a ship-fast attitude.
Hougan compared solana to bitcoin, explaining that both assets can appreciate through market-wide growth or by gaining additional market share, creating what he called “explosive” upside potential. He emphasized that SOL’s growing role in payments, tokenized assets, and institutional-grade applications could cement its position as a cornerstone of the evolving digital economy. He wrote:
If I’m right, the combination of a growing market and a growing market share will be explosive for solana. Just as with bitcoin.
Bitwise’s recent market activity has reinforced that bullish stance. The firm’s Solana Staking ETF (NYSE: BSOL) launched last week as 2025’s most dominant ETF debut, achieving the highest first-day trading volume of any ETF this year and surpassing its own record on day two. The ETF’s record-breaking start underscores growing institutional demand for solana and cements Bitwise’s leadership in regulated crypto asset innovation. Hougan said BSOL’s success shows that Solana is evolving from a growth-stage project into an institutional-grade investment platform, reflecting rising investor confidence in its long-term potential.
- Why is Bitwise so bullish on Solana?
Bitwise believes Solana’s speed, scalability, and expanding role in tokenization and payments make it one of the strongest long-term plays in the crypto market. - What gives Solana an advantage over other blockchains?
Solana’s low fees, lightning-fast transactions, strong developer ecosystem, and real-world adoption set it apart as an institutional-grade blockchain. - What is Bitwise’s Solana Staking ETF (BSOL)?
BSOL is a first-of-its-kind solana ETF that stakes all its holdings, waives fees temporarily, and provides transparent yield-generating exposure to institutional investors. - How has the BSOL ETF performed since launch?
BSOL shattered trading volume records on its first two days, becoming 2025’s most successful ETF debut and signaling massive institutional demand for solana.
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