Matt Hougan: Why Solana Could Follow Bitcoin’s Path
According to Matt Hougan, Bitcoin’s price could rise as the asset gains a larger share of the financial market segment focused on preserving capital rather than speculation or consumption.


According to Matt Hougan, Bitcoin’s price could rise as the asset gains a larger share of the financial market segment focused on preserving capital rather than speculation or consumption.
Bitwise Chief Investment Officer Matt Hougan has explained why he’s bullish on Solana over the long term. According to him, this Layer-1 blockchain gives investors “two ways to win” — and both look highly attractive.
The launch of the Bitwise Solana Staking ETF (BSOL) attracted $69.5 million in inflows on its first trading day, yet Solana’s (SOL) price remained virtually unchanged.
A new wave of crypto ETFs may be hitting the market this week. Exchange-traded funds for Solana (SOL), Litecoin (LTC), and Hedera (HBAR) have appeared on U.S. exchange listings ahead of their scheduled launch on Tuesday.
The first American staking Solana ETF — REX-Osprey SOL + Staking ETF (SSK) — launched on July 2, 2025. Today, October 28, the Bitwise Solana Staking ETF (BSOL) joined it on the NYSE.
From October 17 to 24, 2025, Bitcoin gained 4.42%. After hitting a five-month low, the world’s largest cryptocurrency managed to halt its decline and climb back above $110,000.
Hong Kong’s Securities and Futures Commission (SFC) has approved a spot Solana ETF, with ChinaAMC planning to launch the product on October 27, 2025. The Solana ETF will trade on the OSL exchange, becoming the first regulator-approved spot Solana ETF.
Cryptocurrency exchange Gemini has introduced a new version of its popular crypto credit card, tied to Solana (SOL), offering up to 4% cashback in SOL tokens on every purchase.
Solana (NASDAQ: HSDT), formerly known as Helius Medical Technologies, announced that it is going on the offensive by opening a resale opportunity for private investors — a move that could test confidence in its new digital asset treasury linked to the Solana blockchain.
The Solana (SOL) community is eagerly awaiting the U.S. regulator’s decision on applications for exchange-traded funds (ETFs).
The Solana network has experienced a notable decline in blockchain activity, even as the price of SOL continues to rise. According to CryptoOnchain, the daily number of transactions has fallen from a peak of 125 million on July 24, 2025, to the current 64 million — a nearly 50% decrease.
Shares of Australian fitness equipment manufacturer Fitell dropped 21% after the company announced the purchase of over 46,000 Solana (SOL) worth nearly $10 million.
Investment bank and financial services provider Morgan Stanley has announced it will launch trading in Bitcoin, Ethereum, and Solana (SOL).
The cryptocurrency Solana has regained momentum, breaking key resistance levels and attracting attention from institutional buyers. On Tuesday, September 16, SOL traded at $234.85, adjusting after reaching an eight-month high of $249.12 two days earlier.
Solana is back in the spotlight due to active growth in institutional investments. A $1.65 billion private placement, backed by players such as Galaxy Digital, Jump Crypto, and Multicoin Capital, signals confidence in the network’s long-term potential.
At the time of issuance, the securities will be priced at $6.88 each. Investors are offered purchase coupons at $10.12 over the next three years. The company expects to raise half a billion dollars, but if all coupons are fully exercised, Helius could receive up to $750 million. The offering is expected to close on September 18.