What happened?
Bitwise’s CIO Matt Hougan said Solana is emerging as Wall Street’s preferred blockchain for stablecoins and tokenization because of its speed and technical chops. Institutional interest is growing, with several asset managers filing for spot Solana ETFs and staking ETPs. Solana now hosts about $13.9 billion in onchain stablecoins and Bitwise is positioning products to capitalize on that momentum.
Who does this affect?
Institutional investors, asset managers, exchanges, and custodians who need fast settlement and staking options are directly affected. Stablecoin issuers, projects tokenizing stocks, bonds, and real estate, plus traders who care about low fees and quick execution could shift toward Solana. Ethereum-based projects and EVM-focused builders may face tougher competition for liquidity, developers, and product flows.
Why does this matter?
If institutions move capital into Solana-based stablecoins and ETFs, trading volume and liquidity could shift, changing fees and settlement expectations across the market. Faster unstaking and trading could make Solana-based products more attractive for ETFs, potentially speeding approvals and increasing assets under management. That competition could reshape market share between Ethereum and Solana, influencing where tokenized assets and payments are built and affecting investor returns and infrastructure decisions.