$SOL

Bitwise’s Hogan Remains Bullish on Solana ETF Prospects

Despite the uncertain regulatory environment, Matt Hogan, chief investment officer at Bitwise, remains bullish on the future of Solana and meme coin ETFs. His confidence continues even as the U.S. Securities and Exchange Commission (SEC) remains hesitant to approve these investment products.

Earlier this year, the SEC’s approval of Bitcoin and Ethereum ETFs sparked hopes for other cryptocurrencies to follow suit. However, the outlook for Solana has not been as favorable.

Bitwise Remains Bullish on Solana ETFs

In August, the SEC rejected filings from the Chicago Board Options Exchange for potential Solana spot funds, dampening the immediate prospects for its approval. The decision followed a heated debate over whether Solana should be classified as a security.