Analysts view Solana (SOL) as one of the promising cryptocurrencies that may gain new momentum with potential ETF approvals. Let's examine the key factors supporting this.
Analysts' Predictions for Solana
Bitwise CIO Matt Hougan noted that Solana is well-positioned for a strong finish to the year. He highlighted the growing number of asset managers filing for SOL ETFs, as well as companies starting to add the token to their balance sheets. According to him, the combination of ETFs and institutional accumulation could spark what he called a 'Solana season.'
Technological Advantages of Solana
Hougan also pointed to Solana’s core technology as another factor supporting bullish expectations. With its fast throughput and low transaction costs, Solana is seen as a strong contender to capture market share in stablecoins, tokenized real-world assets, and decentralized finance.
Future: SEC Decision on ETFs
The SEC is expected to decide on pending Solana ETF applications by October 10. If approvals are granted, several SOL ETFs could debut in the fourth quarter of 2025, potentially fueling a surge in demand similar to what Bitcoin and Ethereum experienced in earlier cycles.
The cryptocurrency market is awaiting the SEC's decision, which could significantly influence Solana's direction. Positive outcomes may herald a new season for SOL.
