Matt Hougan, Chief Investment Officer at Bitwise, remains optimistic about the prospects of Solana ETF, despite setbacks.
Approval of a Solana ETF could significantly boost institutional interest and positively impact SOL’s price.
However, the road to approval has been rocky. In August, the SEC rejected the Chicago Board Options Exchange’s filings for two Solana spot ETFs. This crushed hopes for an immediate breakthrough. If Solana were to receive ETF approval, it could lead to increased institutional interest. This could bring fresh capital into the SOL ecosystem.
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