Bitwise bullish on Ethereum and Solana demand surge now

Bitwise Asset Management has said shifting crypto market narratives are becoming increasingly bullish for Ethereum and Solana as stablecoins and tokenisation gain traction.

The outlook was outlined in Bitwise’s 10 Crypto Predictions for 2026 report, which positions both networks as central to the market’s next growth phase.

The firm said demand drivers are structural rather than speculative, reflecting long-term adoption trends.

We’re bullish on Ethereum and Solana. Really bullish.

Bitwise said, citing stablecoins and tokenisation as major megatrends.

The report argued that Ethereum continues to anchor decentralised finance activity, stablecoin issuance and tokenised real-world assets.

Solana was highlighted as a leading network for high-throughput payments and consumer-scale applications.

Bitwise noted that crypto adoption is expanding beyond a single-asset focus, strengthening network-level demand.

The analysis pointed to the launch of US spot exchange-traded funds as a key catalyst for institutional inflows.

According to the report, ETFs have accumulated more newly issued ether and solana than their respective networks produced over the same period.

This imbalance was described as creating sustained demand pressure for both assets.

Bitwise linked these flows to improving regulatory clarity in the United States.

The firm said clearer rules have encouraged banks, wealth managers and asset allocators to increase crypto exposure.

Stablecoins were identified as a critical growth driver for underlying blockchain infrastructure.

Bitwise said regulatory momentum remains a decisive factor for the next phase of expansion.

The near-term growth of stablecoins and tokenization depends a lot on the continued progress of regulation in the U.S..

Bitwise said.

The report referenced the passage of the GENIUS Act as a significant regulatory step forward in 2025.

It added that further progress depends on Congress passing market structure legislation through the CLARITY Act.

Such legislation would clarify oversight responsibilities between the SEC and the CFTC.

Reduced uncertainty could unlock further institutional participation, according to the analysis.

Ethereum and Solana will set new all-time highs if the CLARITY Act passes.

The report said.

Bitwise also highlighted rapid growth in stablecoin market capitalisation.

The firm said stablecoin supply has risen from roughly $205 billion to nearly $300 billion.

Projections suggest the market could approach $500 billion by the end of 2026.

Adoption has been strongest in regions facing inflation and currency instability.

Bitwise said this trend reinforces Ethereum and Solana as settlement layers for global digital payments.

At the time of reporting, Ethereum price was $2,992.14.