Altcoins News

Story: Solana Eyes Epic Q4 Rally as ETFs and Treasury Demand Build

By MikeT

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The “Recipe” for Crypto Growth. Hougan explained that Bitcoin discovered this growth formula in early 2024, while Ethereum…

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Corporate Demand Strengthens Outlook. Beyond ETFs, corporate interest in Solana is also on the rise.

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Solana’s Competitive Edge. Hougan also highlighted Solana’s unique fundamentals compared to other blockchains.

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Scaling Impact of Institutional Inflows. To illustrate this point, Hougan compared Forward Industries’ planned $1.

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Outlook: Q4 Could Be Pivotal for Solana. With ETF approvals pending, corporate treasuries securing billions to buy and stake SOL, and…

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Solana (SOL) has been trading near the $225 level, drawing attention from analysts who believe the token could be preparing for a major rally.

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Hougan, in a memo to Bitwise clients, argued that Solana could follow the same “recipe” that previously fueled large gains for Bitcoin (BTC) and Ethereum (ETH).

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Hougan explained that Bitcoin discovered this growth formula in early 2024, while Ethereum benefited from the same pattern in April 2025.

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One of the most anticipated catalysts is the approval of spot Solana ETFs. Multiple issuers—including Bitwise, Grayscale, VanEck, and 21Shares—have filed applications with the U.S.

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Beyond ETFs, corporate interest in Solana is also on the rise. Galaxy Digital, Jump Crypto, and Multicoin Capital recently started Forward Industries, a Solana-focused treasury…

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Notably, Forward Industries appointed Kyle Samani—a long-time Solana advocate—as chairman. Hougan compared Samani’s potential role in promoting Solana to Michael Saylor’s for…

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Hougan also highlighted Solana’s unique fundamentals compared to other blockchains. While Bitcoin is primarily viewed as a store of value and Ethereum as the leader in…

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The blockchain recently implemented a major technical upgrade that boosts transaction speeds, further strengthening its appeal as an efficient alternative to Ethereum.

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Hougan argued that Solana’s smaller market capitalization gives it more room to grow compared to BTC and ETH. While Bitcoin sits at around $2.

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To illustrate this point, Hougan compared Forward Industries’ planned $1.65 billion purchase of SOL to Bitcoin.

The Currency Analytics

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