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Solana Headed For ‘Epic End-Of-Year Run’ On SOL ETF Launches, Treasury Inflows, Bitwise Says
['Steven Walgenbach', 'Updated']
InsideBitcoins.com
Join Our Telegram channel to stay up to date on breaking news coverageSolana is poised for “an epic end-of-year run” as possible Solana ETF launches and a $1.65 billion corporate treasury commitment provide the firepower for a rally.
With Solana’s $121 billion market cap a fraction of BTC’s $2.2 trillion and Ethereum’s $529 billion, even modest inflows could move the needle on SOL in outsized fashion, he suggested.
In those months, the Bitcoin network produced 322,681 BTC, while ETPs (exchange-traded products) bought over 1.1 million BTC.
Meanwhile, the Ethereum network produced 388,568 ETH, while ETPs and corporations acquired 7.4 million ETH, the Bitwise CIO noted.
He called the Solana blockchain a programmable network built for stablecoins, tokenized assets, and decentralized finance (DeFi).
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