Solana Season Next? Bitwise CIO Forecast ‘Epic’ Q4 | Solana News

As Solana (SOL) faucets the $225 barrier, Bitwise’s CIO forecasted that a bullish Q4 rally could be brewing for the altcoin if it follows Bitcoin (BTC) and Ethereum’s (ETH) recipe.

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Solana To Follow BTC, ETH’s Recipe?

On Tuesday, Matt Hougan, CIO at Bitwise, affirmed in a new memo to purchasers that the recipe for sturdy returns has been clear over the previous 18 months: “Take one part ETP inflows, add strong corporate treasury purchases, and voilà—you get big returns.”

Hougan defined that BTC adopted this recipe since January 2024, whereas ETH found the identical components in April 2025. “It’s no surprise that the recipe works. It’s classic supply and demand,” he acknowledged, including that “all the ingredients are there for an epic end-of-year run for Solana.”

As the CIO highlighted, a number of issuers, together with Bitwise, Grayscale, and VanEck, have filed to launch spot SOL exchange-traded merchandise (ETPs), that are anticipated to be accepted at the beginning of Q4.

As reported by NewsBTC, the US Securities and Exchange Commission (SEC) introduced final month that it had pushed back its choice on Bitwise, 21Shares, VanEck, Grayscale, and Canary Capital’s spot SOL exchange-traded funds (ETFs) for 2 months, pushing it to October 16, 2025, “meaning we may have multiple issuers pushing spot Solana ETPs in Q4.”

Meanwhile, three main corporations, Galaxy Digital, Jump Crypto, and Multicoin Capital, just lately secured $1.65 billion in money and stablecoins to launch a publicly traded SOL-focused treasury company, Forward Industries, to buy SOL, stake it, and generate extra return.

Hougan additionally famous that Forward Industries named Kyle Samani, who has been among the many cryptocurrency’s most constant promoters, as chairman. To Bitwise’s CIO, if Samani can “carry the Solana message” like Michael Saylor and Tom Lee have performed with Bitcoin and Ethereum, it can help drive investor demand.

SOL’s Secret Ingredient

Hougan identified that the existence of ETPs and treasury corporations doesn’t guarantee demand, including that there should be elementary causes for traders’ curiosity in these automobiles.

“Solana is an Ethereum competitor,” he asserted, “it’s a programmable blockchain designed to host stablecoins, tokenized assets, and decentralized finance applications, among other things.”

The blockchain just lately accepted a main technical improve that can make it one of the quickest networks on the earth. Additionally, it’s also third in stablecoin liquidity amongst programmable blockchains and fourth in tokenized property, recording speedy growth on this sector.

Nonetheless, he argued that there’s a key distinction between SOL and the 2 main cryptocurrencies. While Bitcoin’s market capitalization sits round $2.2 trillion, and Ethereum’s is close to the $530 billion mark, Solana’s market capitalization is round $120.8 billion, 1/twentieth the dimensions of BTC and fewer than 1/4th the dimensions of ETH.

“Scaled for the size of the blockchain, a relatively small amount of flows into Solana could significantly impact prices,” Hougan defined.

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He detailed that Forward Industries’ $1.6 billion buy of SOL shares can be the equal of $33 billion in BTC purchases, noting that this may very well be barely offset by Solana’s greater annual inflation charge of 4.3%, versus Bitcoin’s 0.8% and Ethereum’s 0.5%.

“The setup is still attractive,” he concluded, suggesting that traders keep their eyes on Solana within the coming months.

As of this writing, Solana is trading at $222, a 5.1% increase within the weekly timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com