Four reasons why Solana is ‘smarter than average’ institutions’ choice, according to Bitwise

Core Insights - Solana is experiencing significant demand, with the launch of the BSOL ETF achieving $220 million in first-day trading volume, marking the highest launch of any ETF this year across all asset classes [1] - The BSOL fund is projected to exceed $3 billion in assets, indicating strong institutional interest in Solana [2] - A total of four spot Solana ETFs have launched, with ten more awaiting approval from the SEC, reflecting a broader institutional shift towards Solana [2] Group 1: Institutional Interest - Institutions are increasingly gravitating towards Solana, with a distinct group of sophisticated buyers showing preference for it over Ethereum [3] - The "smarter than your average bear buyer" is particularly interested in Solana as a challenger asset [3] Group 2: Competitive Advantages - Solana's "ship-first" attitude allows for rapid product development and execution, contrasting with Ethereum's slower upgrade process [4] - The blockchain is leading in equity tokenization, favored for its speed and low transaction costs, making it suitable for financial applications requiring high transaction volumes [5] Group 3: Market Potential - The tokenization sector is projected to grow significantly, with estimates reaching $19 trillion over the next decade, attracting major asset management firms [6] - While Ethereum currently leads with $12 billion in real-world assets, Solana has seen a growth rate of over 300% in tokenized value compared to Ethereum's 50% increase [6]