Bitwise CIO predicts that SOL is expected to experience an epic pump by the end of the year, with multiple Spot ETFs helping to boost the market.

On September 10, Bitwise Chief Investment Officer Matt Hougan stated in a recent memo to clients that SOL is expected to perform strongly before the end of the year, with ETF inflows and corporate treasury purchases driving a pump similar to BTC and ETH. A relatively small amount of capital flowing into Solana could significantly push prices up in the coming months, potentially leading to an epic rise by the end of the year. Matt Hougan believes that Solana is now positioned similarly to Bitcoin and Ethereum after their ETFs were approved, likely following this path to experience a big pump. Several issuers—including Grayscale, VanEck, Franklin Templeton, Fidelity, Invesco/Galaxy, Canary Capital, and Bitwise itself—have submitted applications for spot Solana ETFs in the U.S., with expectations that the SEC will make a decision by October 10, driving multiple Solana spot ETFs to launch in the fourth quarter.