Bitwise | Crypto

Bitcoin is in a bear market and is “getting swept up” with the rest of the macro assets, Bitwise CEO Hunter Horsley declared during a television interview. Bitcoin’s drop below $70,000 is being seen very differently by long-time holders and institutional investors, according to Bitwise CEO Hunter Horsley. “I think long-time holders are feeling unsure, and I think the new investor set, institutions are sort of getting a new crack at the apple,” Horsley said during an interview with CNBC on Friday. Horsley said that institutional buyers are “seeing prices they thought that they’d forever missed.”  It was only in October that Standard Chartered's head of digital asset research, Geoff Kendrick, said he doesn’t expect Bitcoin to fall below $100,000 again. Read more

Bitwise’s Head of Europe argues that gold offers a cushion when markets fall, while Bitcoin boosts portfolios during rebounds.

Bitcoin failed to attack $80,000 resistance as gold sought a $5,000 reclaim, while analysis argued that "crypto winter" began in January 2025. Bitcoin (BTC) returned to range-bound moves on Tuesday as gold returned near the key $5,000 mark. Key points: Bitcoin trades sideways as gold and silver attempt to reclaim prior losses. Read more

Prices have been falling since early 2025, masked by institutional flows, but history suggests the worst may already be behind us, Bitwise said.

ING Germany expands crypto access with Bitwise ETPs and VanEck ETNs covering Bitcoin, Ether, Solana and other major digital assets. ING Germany, the retail banking unit of Dutch multinational ING Group, is expanding crypto investment access through new partnerships with US asset managers Bitwise and VanEck. The German bank is rolling out crypto exchange-traded products (ETPs) from Bitwise and crypto exchange-traded notes (ETNs) from VanEck, the companies announced separately on Monday. The new offerings join ING-listed investment vehicles from 21Shares, WisdomTree and BlackRock’s iShares. Read more

Bitcoin flashed a major discount signal after capital outflows increased following BTC’s abrupt drop below $75,000. Historical data now points to a potential 10% rebound rally in the short-term. Bitcoin (BTC) price fell to a year-to-date low of $74,555 on Monday, marking a 40% drawdown from its all-time high. The move coincided with $1.3 billion in net outflows from the global Bitcoin exchange-traded products (ETPs) last week. This drawdown coincided with extreme bearish sentiment and low valuation metrics, but the silver lining could be analysts’ view that a potential asymmetric trade setup is in the works.  Key takeaways: Read more

An actively managed fund blends Bitcoin, precious metals and mining stocks as asset managers expand crypto’s role in macro and capital-preservation strategies. Bitwise Asset Management has launched a new exchange-traded fund (ETF) designed to hedge against currency debasement, underscoring how digital assets are increasingly being incorporated into broader macro investment strategies following the success of spot Bitcoin ETFs. On Thursday, Bitwise unveiled the Bitwise Proficio Currency Debasement ETF, which trades on the NYSE under the ticker BPRO. The actively managed fund seeks to address the declining purchasing power of fiat currencies through a portfolio that includes Bitcoin (BTC), precious metals and mining equities. Unlike spot Bitcoin ETFs, BPRO allows for discretionary allocation across crypto and commodity-linked assets. The structure appears aimed at wealth managers seeking Bitcoin exposure without committing to a single-asset crypto product, particularly amid persistent inflation concerns. Read m...

The listings give investors local-currency exposure to spot and staking-based crypto products through a regulated exchange, marking Bitwise's latest move in Europe. Digital asset manager Bitwise has listed seven crypto exchange-traded products denominated in Swedish krona on Nasdaq Stockholm, giving Swedish investors regulated exposure to Bitcoin, Ether and Solana. According to a Wednesday announcement, the SEK-denominated ETPs are available to retail and professional investors through existing brokerage accounts and may qualify for Sweden’s tax-advantaged ISK savings structure, depending on the platform. The listings include the Bitwise Core Bitcoin ETP, spot Bitcoin (BTC) and Ether (ETH) products backed by institutional custody, as well as staking-linked ETPs tied to ETH and Solana (SOL). Bitwise also listed a diversified MSCI Digital Assets Select 20 ETP tracking the largest cryptocurrencies by market capitalization, along with a hybrid product combining exposure to Bitcoin and gold. Read more

Bitcoin and ether are off to a strong start this year, and Bitwise says the path to new highs hinges on market stability, U.S. legislation and calm equities.

Bitwise's year-end barrage of ETF paperwork should have been a perfect spark for “alt season.” On Dec. 30, the issuer filed with the US Securities and Exchange Commission to launch 11 single-token “strategy” ETFs tied to Aave, Uniswap, Zcash, NEAR, Starknet, Sui, Bittensor, Tron, and other protocols. Each fund would allocate about 60% of its […] The post Bitwise just filed for 11 new crypto ETFs, and the market’s silence exposes a brutal new reality appeared first on CryptoSlate.

Bitwise is seeking SEC approval for 11 single‑token “strategy” ETFs tied to major altcoins, expanding its product shelf deeper into the altcoin market. Crypto fund manager Bitwise has filed with the United States Securities and Exchange Commission (SEC) to launch 11 single‑token “strategy” crypto exchange‑traded funds (ETFs), extending the company’s crypto ETF footprint deeper into the altcoin market. The proposed funds would offer targeted exposure to assets including Aave (AAVE), Uniswap (UNI), Zcash (ZEC), Bittensor (TAO), Sui (SUI) and Near (NEAR), among others, giving investors a regulated route into tokens that so far have mostly traded on crypto exchanges. According to the filing, each product is designed as a “Strategy ETF” rather than a plain spot vehicle, following a rules‑based playbook for how it gets exposure to the underlying asset. Read more

The number of crypto exchange-traded products is going to “accelerate forward at ridiculous speed” in 2026, according to Bitwise researcher Ryan Rasmussen. More than 100 crypto exchange-traded products could launch in quick succession in 2026, following recent guidance from the US securities regulator that drastically reduced the processing times for new funds, according to a Bitwise researcher. “From here we are going to accelerate forward at ridiculous speed,” Bitwise researcher Ryan Rasmussen said during an interview with the Bankless podcast on Tuesday. “We think over 100 crypto-linked ETPs will launch next year; those will be spot crypto, index, equities, smart beta, momentum, all kinds of things,” Rasmussen added. Read more

Bitwise’s crypto index fund moves from OTC markets to NYSE Arca, marking another step in bringing diversified digital asset products onto regulated exchanges. Bitwise Asset Management’s 10 Crypto Index Fund (BITW) is moving from the over-the-counter market to NYSE Arca, a shift that brings crypto exposure further into mainstream trading infrastructure. Beginning Tuesday, BITW is officially uplisted to NYSE Arca — one of the New York Stock Exchange’s electronic markets for exchange-traded products — where it will trade as an exchange-traded product, the company announced. Launched in 2017, BITW offers diversified exposure to the 10 largest cryptocurrencies by market capitalization, including Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP (XRP). The fund rebalances monthly to reflect changes in the broader crypto market. Read more

Bitcoin’s underperformance versus gold and the rapid expansion of global liquidity suggest that BTC’s current pricing is deeply discounted. Will BTC be the star performer of 2026? Bitcoin’s (BTC) current trading behavior reflects one of its deepest macroeconomic disconnects in years, with global liquidity surging while BTC continues to lag behind money supply growth and gold’s record performance. A recent report from Bitwise suggested this gap may be setting up a significant asymmetric opportunity in Bitcoin heading into 2026. Key takeaways: Bitcoin is currently undershooting the global money supply by 66%, implying a model-based fair value near $270,000. Read more

Bitwise’s Matt Hougan says tokens are getting better at returning value to holders, and Ethereum's Fusako upgrade could “increase token value capture.” Crypto tokens are becoming increasingly efficient at capturing value, thanks in part to new regulations and upgrades, which could send prices surging in 2026, according to Bitwise chief investment officer Matt Hougan.  Hougan said in an X post on Saturday that in the chaos of the current market pullback, big news is getting lost, such as the level of value capture in digital assets trending upward.  “Most of today’s tokens were created in a regulatory era where value capture was risky; as a result, they defaulted to vague governance-style design choices,” he said.  Read more

Bitwise CEO Hunter Horsley took a contrarian view to the prevailing crypto investor sentiment, which dropped to a six-month low on Saturday. The crypto market’s long-term fundamentals look promising, despite the shakeup in October and November that has left asset prices down and investor sentiment to crater, according to Hunter Horsley, CEO of investment firm Bitwise. Horsley said the four-year market cycle is dead, replaced by a more mature market structure and changed dynamics due to the pro-crypto regulatory pivot in the US. He said in a Friday X post: I think there's a pretty good chance that we've been in a bear market for almost 6 months now and are almost through it. The setup for crypto right now has never been stronger,” Horsely added. Read more

With crypto markets failing to meaningfully rally toward the end of 2025, this only sets up 2026 for more upside, according to Bitwise’s Matt Hougan. Bitwise chief investment officer Matt Hougan is more confident that crypto markets will boom in 2026, particularly as there hasn’t been a late-2025 rally yet. Speaking to Cointelegraph at The Bridge conference in New York City on Wednesday, Hougan said a crypto market rally at the end of 2025 would have fit the four-year cycle thesis, meaning 2026 would mark the start of a bear market, similar to 2022 and 2018. When asked to revise his prediction about whether the crypto market will boom in 2026, Hougan said: “I’m actually more confident in that quote. The biggest risk was [if] we ripped into the end of 2025 and then we got a pullback.” Read more

Investors are better off buying ETFs than buying shares in a firm that’s simply putting a crypto asset on its balance sheet, argues Bitwise’s Matt Hougan. Bitwise chief investment officer Matt Hougan says digital asset treasuries need to start taking the hard path if they want to stand out from the crowd; otherwise, investors are better off investing in crypto exchange-traded funds instead. One of the best ways to discern whether a digital asset treasury (DAT) is worth looking at is to ask the question, “Are they doing something hard?” Hougan argued in an X post on Wednesday. “Buying a crypto asset and putting it on a balance sheet today isn’t hard. It was hard at one point, but it’s not hard now. If that’s all a DAT is doing, you are better off owning an ETF. This is true even if the DAT is staking, as ETFs now stake,” he said. Read more

Former BitMEX CEO Arthur Hayes said increasing US debt will force the Federal Reserve into “stealth QE,” injecting liquidity that could reignite Bitcoin’s next rally. Bitcoin’s recent dip below $100,000, its lowest level since June, has sparked concerns among crypto investors. Still, two well-known market figures offer an optimistic view of where Bitcoin may be headed. Bitwise chief investment officer Matt Hougan said the latest downturn reflects peak retail capitulation rather than the start of a deeper collapse. “Crypto retail is in max desperation,” he told CNBC’s Crypto World on Tuesday. “We’ve seen leverage blowouts... the market for sort of crypto native retail is just more depressed than I’ve ever seen it.” Hougan said there are more and more signs that the sell-off is nearing exhaustion. “When I go out and speak to institutions or financial advisers, they’re still excited to allocate to an asset class that if you pan back and look over the course of a year, is still delivering very strong returns,” he...

Bitwise’s Matt Hougan said Solana has good odds of winning a larger share of the stablecoin and tokenization market. Bitwise chief investment officer Matt Hougan says his bullish outlook on layer-1 blockchain Solana stems from two main factors that set it apart from competitors like Ethereum. “I love investments that give me two ways to win,” Hougan said in an X post on Thursday, explaining that Solana (SOL) is making a “bet” the stablecoin and tokenization infrastructure market will grow, and that it will “win an increasing share of that market,” which “seem like good bets to me.” “I think people dramatically underestimate how much and how quickly these technologies will remake markets. It’s easy for me to imagine this market growing by 10x or more,” Hougan added.   Read more