Bitwise CIO Calls Solana An ‘Explosive’ Two-Way Bet: Here’s Why
Bitwise Chief Investment Officer Matt Hougan is now applying his long-standing Bitcoin framework to Solana — and he’s calling the setup “explosive.” In an October 29 memo, Hougan says the best trades in crypto are the ones where you get “two ways to win” with one position. For Bitcoin, he defines those two bets as: “1) The global ‘store of value’ market will grow. 2) Bitcoin will take an increasing share of that market.” He says only one of those outcomes has to be true for Bitcoin to work. Hougan sizes that “store of value” market at roughly $27.5 trillion today, including about $25....
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Solana (SOL) is presently priced around $186, after a rather turbulent display in the past week. While the leading altcoin notably showed a significantly volatile price action, bearish sentiments reigned supreme, resulting in a net 4.37% loss. Interestingly, popular expert Ali Martinez has highlighted a critical price level for Solana investors’ attention amid the current market uncertainty. Related Reading: Bitwise CIO Calls Solana An ‘Explosive’ Two-Way Bet: Here’s Why Bitwise Chief Investment Office To Fly Or Crash? Solana Future Rests On Key Price Point In a recent X post,....
Institutional confidence in Solana (SOL) continues to surge as Bitwise clients invest a massive $69.5 million, supporting the blockchain as a frontrunner among alternative Layer-1 assets. The investment shows a growing appetite for scalable, low-cost blockchain solutions beyond Bitcoin and Ethereum. Related Reading: Solana Just Solved Its Biggest Data Problem, Says Helius CEO Solana has […]
Bitwise Asset Management has updated its proposed Solana exchange-traded fund (ETF) to explicitly include “Staking” in the fund’s name and disclosed a 0.20% unitary sponsor fee—one of the lowest headline fees yet seen for a US crypto ETF. Bloomberg’s James Seyffart flagged the amendment late Wednesday, writing: “NEW: Bitwise files an update to their Solana […]
Bitwise has taken another major step towards its bid to launch a US XRP spot ETF. This development follows the asset management’s achievement in launching the first-ever US Solana Spot ETF last week on the New York Stock Exchange (NYSE). Related Reading: Another Company Holding A Substantial Amount Of XRP Has Been Revealed Bitwise Re-submits […]
On Tuesday, Bitwise announced the launch of the Bitwise 10 Crypto Index ETF (BITW) on the New York Stock Exchange (NYSE), allowing investors to gain exposure to a diverse range of cryptocurrencies in a single investment vehicle. This ETF includes ten digital assets: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Chainlink (LINK), Litecoin (LTC), Cardano […]