Bitwise's chief investment officer, Matt Hougan, has identified four key factors that make Solana attractive to institutional investors. Hougan emphasized Solana's rapid execution speed, leadership in tokenization, high staking yields, and significant growth potential due to its relatively small market cap. The launch of Bitwise's Solana ETF, BSOL, recorded a remarkable $220 million in trading volume on its first day, marking the highest ETF debut of the year. Currently, four Solana spot ETFs are operational, with ten more awaiting SEC approval.