Bitwise

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.

Bitwise and Ethena have launched an institutional lending market on JupiterLend, marking a significant milestone for the platform. This move is expected to expand JupiterLend's capabilities and offerings. The launch is seen as a positive development for the company.

Bitwise CIO Matt Hougan discussed the impact of the GENIUS Act on crypto fundraising and tokenization, citing billion-dollar blockchain raises by Arc, Canton, and Tempo. The GENIUS Act helped unlock crypto fundraising, and now tokenization is looking to the Clarity Act for a boost. This development suggests a growing intersection of cryptocurrency and traditional finance.

The US has $1.07 billion in Assets Under Management (AUM) across 8 Solana spot ETFs. The top three ETFs by AUM are Bitwise, DigitalAssets, and Grayscale, with $776.45 million, $130.89 million, and $123.03 million respectively. This indicates significant investment in Solana-based financial products.

Bitwise is taking over Superstate's $267 million tokenized Crypto Carry Fund, which will be renamed to Bitwise Crypto Carry Fund. The fund will retain its existing ticker, smart contracts, and token address. This change aims to continue the fund's operations under new management.

Bitwise has taken over Superstate's carry fund worth $267 million, marking its entry into tokenization. The takeover is a significant move for Bitwise in the financial sector. This deal highlights the growing interest in tokenization and its potential impact on investments.

Bitwise CEO says the four-year crypto cycle is dead and a new institutional era is taking hold, with Strategy's STRC set to push bitcoin into fixed income markets. Bitwise's Horsley made these comments, indicating a shift in the cryptocurrency market. This shift may have significant implications for the future of bitcoin and other cryptocurrencies.

Bitwise is taking over Superstate's tokenized crypto carry fund, a move driven by growing demand for actively managed on-chain investment products. This takeover marks Bitwise's entry into tokenized funds. The development signifies expansion in the crypto investment space.

Bitwise investment chief Matt Hougan predicts stablecoin adoption will scale due to large tech firms, with projections valuing them at $4 trillion by 2030. This growth relies on major tech companies continuing to adopt stablecoins. Stablecoin value is expected to significantly increase in the coming years.

The SEC has delayed prediction market ETFs due to concerns over mechanics and risk, requesting more information from Roundhill, GraniteShares, and Bitwise. The regulator wants to know how event contract funds would work. This delay may impact the launch of these financial products.

Bitwise CIO predicts continued growth in Bitcoin's rally driven by increasing demand for investment strategies. The statement suggests optimism about Bitcoin's future performance and adoption in financial markets.

Bitwise's chief investment officer attributes Bitcoin's recent rally primarily to consistent purchases by Michael Saylor's treasury firm, Strategy, rather than just ETFs or whale buying.

Bitwise's strategy (STRC) has enabled the company to accumulate over $7 billion in Bitcoin recently, with the CIO stating the bitcoin rally could persist 'for some time to come.'

Nakamoto partnered with Bitwise and Kraken to launch a Bitcoin derivatives program aimed at generating options premiums and hedging exposure to its BTC treasury. The strategy involves using Bitcoin options to manage risk while capitalizing on market opportunities.