Bitwise CIO: With ETF approval and corporate capital purchases, the "Solana season" is coming

PANews reported on September 10th that, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated in a recent memo to clients on Tuesday evening that all elements are in place for Solana to stage an epic rally by year-end; the combination of inflows from exchange-traded products and corporate treasury purchases will drive the arrival of a "Solana season" and bring rich returns. Hougan stated that multiple issuers, including Grayscale, VanEck, Franklin Templeton, Fidelity, Invesco/Galaxy, Canary Capital, and Bitwise itself, have applied for spot Solana ETFs in the United States. The SEC is expected to make a decision before October 10th, and the fourth quarter may see the launch of multiple ETFs.