Matt Hougan, chief investment officer at Bitwise Asset Management, recently provided an insight into cryptocurrency-based exchange-traded funds (ETFs).

For Hougan, there is optimism regarding inflows of Bitcoin ETFs for the second half of this year. Furthermore, in his belief, with Ethereum ETFs and the potential approval of others, such as Solana and XRP, the cryptocurrency industry will shine in the second quarter. The statements came during an interview with Thinking Crypto.

When analyzing the future of Solana and XRP spot ETFs, the Bitwise executive highlighted in his analysis that the launch of futures on platforms such as CME or advances related to laws could be important points for approvals, highlighting a timeline that should potentially be extend until 2025-2027.

Solana ETF Approval Prediction

A recent report highlighted the likelihood of Solana exchange-traded fund (ETF) approval in the offing. In its forecast, GSR, emphasized that Cardano (ADA) and Ripple’s XRP are unlikely to receive approval for their respective ETFs anytime soon, however, Solana (SOL) has greater potential.

Two important points make Solana a strong candidate in the approval queue: its decentralization and the market demand for SOL. It is worth noting that the recent registration of VanEck’s Solana spot ETF, on June 27, reaffirms the growing institutional interest in the cryptocurrency.

“Solana has cemented itself as part of crypto’s Big Three. And with the others either having or on the verge of a spot ETF, not only is it likely only a matter of time before Solana has one too, but the impact on SOL could be the biggest yet,” the report noted.

As the GSR report noted, Solana has been standing out in its decentralization and market demand, positioning itself ahead of its competitors. The data suggests that “clearly Solana is next” to get ETF approval.


The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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