Bitwise CIO Predicts Solana ETF Approval Will Trigger Significant Rally

The SEC’s decision regarding cryptocurrency ETFs is expected to impact altcoins significantly, particularly Solana (SOL). While the SEC has approved only Bitcoin and Ethereum spot ETFs, numerous applications for alternative crypto ETFs are pending. These include XRP, Solana (SOL), and Dogecoin (DOGE), with approvals anticipated soon after deadlines pass. 5th-quarter 2023 could see a surge in SOL prices following approval of SEC-sponsored SOL ETFs. Bitwise CIO Matt Hougan believes the upcoming ETF approvals, along with institutional investors’ growing interest, will propel Solana to new heights.