Bitwise

Bitwise is considering tokenizing its Solana staking ETF through a partnership with Superstate. Shares held in this tokenized form would maintain the same rights as those in book-entry form but would not be freely transferable outside of the system.

Matt Hougan of Bitwise anticipates that revenue-capture mechanisms will expand across DeFi applications and layer-1 networks within 12 to 24 months. These changes, where protocols link revenue to tokens, could potentially lead to crypto valuations doubling.

Crypto asset manager Bitwise cut 14% of its staff amid a market downturn. CEO Hunter Horsley stated that the company trimmed its global team to around 155 last week.

Bitwise's Matt Hougan argues that regulatory guidance from the SEC and CFTC will sustain the crypto industry's momentum even if Congress does not pass major market structure legislation this year. The article highlights that clarity from regulators, rather than legislative action, may be sufficient to keep the industry advancing.

Bitwise CIO Matt Hougan states that cryptocurrency will remain stable even if the Clarity bill fails to pass in the US Senate. The Congress is set to enter a recess next week, providing a three-day window for the bill to advance.

Ethereum, Solana, and Avalanche are experiencing higher activity and lower transaction costs despite their token prices (ETH, SOL, AVAX) declining by over 50% year-over-year. Bitwise reports that while usage has increased, blockchain revenues have fallen.

Bitwise's CIO believes Wall Street's movement onchain will drive the next bull market. Republicans have published a new Clarity Act draft, and the SEC Commissioner issued a warning regarding DeFi.

Bitwise predicted that Hyperliquid and Robinhood TradFi ventures will form the basis for a crypto bull-market comeback, which should lift Bitcoin and Ether. The article highlights the potential role of these entities in driving growth in the next bull market.

A NYDIG report suggests Bitcoin could dip to $38,000–$39,000 if historical patterns repeat, despite its 30% year-to-date decline. The report links the slump to supply mechanics and cyclical resets seen in 2014, 2018, and 2022, while noting Bitcoin's least volatile year in 2025 and potential for a quicker recovery. The CLARITY Act's passage is highlighted as a key catalyst for industry growth.

Bitwise reported that crypto equities gained 23% in the first half of 2026, outperforming most major asset classes except emerging markets, while tokenized real-world assets (RWAs) reached a record $33 billion in Q2. Meanwhile, crypto assets fell 36% during the same period.

Bitcoin remains in a bear market, trading at half its all-time high, with analysts citing four-year cycles, rising inflation, and leveraged trading as key factors. Despite challenges, one analyst predicts a rebound to $100,000 by year-end. Trump supports crypto, and Wall Street firms like BlackRock and JPMorgan Chase are expanding into blockchain products.

DeFi tokens have outperformed Bitcoin, according to Bitwise, which notes that DeFi typically experiences more volatility but is currently holding up unusually well.

Bitwise claims Bitcoin's 'floor is rising' as institutions purchase during the bear market dip, while larger investors await regulatory clarity. The article notes the AI boom and regulatory delays as factors influencing market dynamics.

Bitcoin's profit and loss (P&L) ratio has fallen to a 43-month low. Bitwise chief investment officer Matt Hougan stated the market bottom is 'closer than ever,' while a Swan Bitcoin analyst advised investors to buy now at a discount rather than pay more later.

Bitwise's Matt Hougan stated that Strategy's STRC offering, which promised high yields and low volatility, was inherently incompatible with Bitcoin, as Bitcoin does not provide these characteristics. The STRC incident is expected to reduce the importance of strategy in Bitcoin investments.

Bitwise CIO Matt Hougan states that Strategy's STRC selloff is an example of 'end-of-cycle' deleveraging typical of bitcoin markets before a potential bottom is reached.

Bitcoin has dropped 20% since May, with Ethereum and the broader crypto market also declining. The downturn is linked to waning confidence in Strategy, a Bitcoin-holding company, as its stock and STRC token lose value, raising fears of forced Bitcoin sales. Federal Reserve comments on inflation and potential interest rate hikes further spook investors.

Bitwise CIO predicts the next cryptocurrency bull run will be slower and less volatile as investor appetite for crypto evolves. The statement highlights changing market dynamics and maturing investor behavior in the crypto space.

Bitwise CIO Matt Hougan stated that Galaxy, NYDIG, and Standard Chartered disagree on when bitcoin will hit its bottom, but all three anticipate a future bull cycle. The discussion focuses on long-term factors rather than short-term price predictions.

Bitwise's Dragosch predicts up to 20% further downside for bitcoin, identifying $48,000 as the 'max pain' scenario based on long-term holder cost basis.

Bitwise's Matt Hougan reported that traditional finance (TradFi) advisors are more interested in stablecoins and tokenization than Bitcoin. Advisors found it challenging to engage with Bitcoin during recent discussions.

Bitwise CIO Matt Hougan stated that financial advisors are showing greater interest in stablecoins and tokenization compared to Bitcoin. The article highlights a shift in focus within the financial advisory sector towards these emerging technologies.

Bitwise's model estimates Bitcoin's fair value at $224,000, positioning it as a hedge against sovereign defaults. The analysis highlights Bitcoin's potential role in mitigating risks related to government debt crises.

Bitwise's investment chief Matt Hougan notes that investors still believe in crypto but now prioritize fundamentals over market sentiment, as AI stocks attract attention. Crypto is described as a 'contrarian bet' in the current market environment.

Bitwise CIO Matt Hougan describes crypto as a 'contrarian bet' amid growing AI stocks and uncertainty surrounding the Clarity Act, which challenges institutional investors.

A sovereign default-risk model from Bitwise estimates Bitcoin’s fair value at $224,000. Rising debt risks and bond-market stress could strengthen Bitcoin’s long-term investment case.

Grayscale proposed a 0.29% fee for its Hyperliquid ETF, which analyst James Seyffart notes is slightly lower than 21Shares' 0.3% and Bitwise's 0.34%. The ETF is described as 'likely imminent' with this competitive fee.

Grayscale is launching a Hyperliquid exchange-traded fund with a 0.29% sponsor fee, which is lower than fees charged by Bitwise and 21Shares.

Bitwise has completed the takeover of Superstate's $259M crypto carry fund. The transition grants Bitwise control of a tokenized fund combining crypto carry trades with Treasury and digital asset exposure.

Bitwise has placed a bet on Hyperliquid's potential to influence future finance, as HYPE ETFs are gaining traction in the market.

Bitwise has launched the Canton Network ETP on Deutsche Börse Xetra, which is backed by CC tokens stored in cold storage. This move aims to provide investors with exposure to the Canton Network through a secure, exchange-traded product.

The SEC has delayed approval of prediction market ETFs from Roundhill, GraniteShares, and Bitwise. SEC Chairman Paul Atkins spoke at an Economic Club of Washington event, discussing the SEC's monitoring of emerging pressures in the private credit market amid rising redemption requests and default-rate projections.

The SEC is seeking public comment on prediction market ETF applications from three investment firms: Bitwise, Roundhill Investments, and GraniteShares. The SEC has placed these applications on hold as it evaluates whether to approve prediction market exchange-traded funds.

Bitwise's Matt Hougan believes Hyperliquid's token is undervalued despite a 77% rise this year, citing its potential as a global super-app. The platform is seen as more than just a crypto platform. Hougan's statement suggests a bullish outlook on the token's future performance.

Bitwise calls HYPE a 'Gen 2' crypto token and considers it undervalued. The asset manager launched a HYPE-based exchange-traded fund. The fund will use some fees to buy the token.

Hyperliquid's HYPE is considered one of crypto's most undervalued assets according to Bitwise. This assessment suggests that HYPE has potential for growth. The evaluation is based on its current market value.

Bitwise is adding HYPE to its balance sheet using fees from Hyperliquid ETF, which generates significant blockchain fees. Hyperliquid regularly outperforms Ethereum and Solana in weekly fee generation, driven by perpetual futures. This development indicates a notable growth in Hyperliquid's financials.

Bitwise has launched a US-listed Hyperliquid fund called BHYP, offering spot exposure to Hyperliquid's HYPE token. The fund will stake a portion of its holdings through Bitwise's in-house staking division, providing staking rewards. This launch is expected to increase accessibility to the HYPE token.

Dartmouth's endowment has invested in a Solana ETF and holds $14M in crypto exposure through various ETFs, including Bitwise Solana, Grayscale Ethereum, and BlackRock's iShares Bitcoin. The investment is part of the university's portfolio. Dartmouth's crypto holdings are now publicly disclosed.

Jupiter Lend partners with Fluid and Bitwise to create a lending market for USDe, a synthetic stablecoin on Solana. This collaboration aims to provide an institutional-grade platform for earning yield. The partnership leverages Bitwise's expertise in curating the lending market.