Bitwise | Crypto

Figma’s initial public offering (IPO) prospectus reveals that the design software company holds approximately $69.5 million of the Bitwise Bitcoin ETF (BITB). According to a July 1 filing, a table lists the ETF under level-1 marketable securities at $69.533 million.  The document also stated that the board authorized a $55 million purchase on March 3, […] The post Figma discloses $70M Bitcoin exposure via Bitwise ETF in IPO filing, plans another $30M buy appeared first on CryptoSlate.

Over 70 crypto exchange-traded funds are awaiting review from the United States Securities and Exchange Commission. Bitwise has amended its proposed Dogecoin and Aptos exchange-traded funds to include in-kind redemptions, according to filings on Thursday. The updates come as discussions around altcoin ETFs and redemption structures gain traction with US regulators. In-kind redemptions allow investors to exchange ETF shares directly for the underlying tokens. The mechanism is considered more tax-efficient and can appeal to all types of investors, from institutional to retail. In February, the SEC sought comments on a proposal to allow in-kind creations and redemptions for spot Bitcoin (BTC) and Ether (ETH) ETFs. During a panel at the Bitcoin Policy Institute on Wednesday, US Securities and Exchange (SEC) Commissioner Hester Pierce said in-kind redemptions for crypto ETFs are on the horizon. Read more

Bitwise CEO Hunter Horsley believes the actual competition for Bitcoin isn’t gold, but government-backed bonds like US Treasuries and UK gilts. In a June 20 post on X, Horsley argued that gold and Bitcoin are apolitical stores of value that operate outside direct government control. However, he said Bitcoin’s actual competition lies with instruments tightly […] The post Bitwise CEO says Bitcoin’s true rival is US Treasuries, not gold appeared first on CryptoSlate.

Bitcoin’s potential as a store-of-value asset now extends beyond the gold market, according to Bitwise CEO Hunter Horsley. The post Forget Just Gold, Bitcoin Is Coming for $30T Bond Market Too: Bitwise CEO appeared first on Cryptonews.

Bitcoin does not just compete with gold as an alternative store of value, but all savings instruments, including government securities. Bitcoin's (BTC) total addressable market encompasses the $16 trillion gold market and the $30 trillion US Treasury market used as a store of value by individual bondholders and institutions, according to Hunter Horsley, the CEO of digital asset investment firm Bitwise. "The opportunity for Bitcoin isn't just gold; it is the $30 trillion-plus using Treasuries as a store of value," the CEO wrote on Friday. Horsley was responding to an earlier post from economist Mohamed El-Erian, in which the economist cautioned analysts that US Treasury flows are no longer a barometer for investor flight to safety. Read more

Bitwise CIO Matt Hougan said the “megatrend” of public companies adding Bitcoin (BTC) to treasury reserves will continue accelerating as the movement is still in its early stages. Hougan made the statement during a June 10 interview on CNBC, where he highlighted that 79 listed firms now hold roughly $57 billion worth of Bitcoin as of […] The post Bitwise CIO calls Bitcoin ‘best horse in the race’ to explain accelerated corporate buys appeared first on CryptoSlate.

Trump’s tax cuts and soaring US debt fuel Bitcoin’s rise as a hedge against sovereign default risks, potentially pushing BTC price toward $200,000 or more by 2025. Key takeaways: Bitwise predicts Bitcoin could hit $200,000 by year-end, with a potential “fair value” of $230,000. Trump’s proposed tax cuts and rising US debt position Bitcoin as a hedge against sovereign default risks. Read more

ProShares Trust and Bitwise each filed preliminary prospectuses with the Securities and Exchange Commission (SEC) on June 6 for exchange-traded funds (ETF) designed to track Circle’s CRCL shares. The ProShares Ultra CRCL ETF is a 2x leveraged product that seeks to deliver twice the daily move in CRCL by utilizing swaps and other derivatives, as […] The post ProShares, Bitwise race to launch CRCL ETFs, targeting August debut amid stock price surge appeared first on CryptoSlate.

The SEC has postponed its decision on Bitwise’s and 21Shares Solana ETF staking proposal now due July 6, 2025, reflecting an approach to staking within regulated funds. More than 70 crypto ETFs—including SOL, XRP and DOGE products—have been queued as regulators scrutinize market risks. The post Bitwise and 21Shares Solana ETF Reviews Delayed as SEC Extends Decision Timeline appeared first on Cryptonews.

The US Securities and Exchange Commission (SEC) extended its review of two high-profile proposals for spot Solana (SOL) exchange-traded funds, signaling further delays in the approval process for crypto-linked investment products. The agency said it would begin a new round of proceedings to assess whether the ETF proposals from asset managers Bitwise and 21Shares comply […] The post SEC delays decision on Bitwise, 21Shares Solana ETF applications, opens public consultation appeared first on CryptoSlate.

Bitwise chief investment officer Matthew Hougan said that a Bitcoin supply shock is coming, driven by heightened demand from institutions. Matt Hougan, chief investment officer at Bitwise, predicts Bitcoin (BTC) will reach $200,000 by the end of 2025 due to a supply shock from heightened institutional demand. In an interview with Cointelegraph at Consensus 2025 in Toronto, the executive said that Bitwise's Bitcoin price prediction model is driven exclusively by supply and demand metrics. Hougan laid out the specific figures driving the forecast: "I think eventually that will exhaust sellers at the $100,000 level where we have been stuck, and I think the next stopping point above that is $200,000," the executive said. Bitwise is one of the issuers of Bitcoin exchange-traded funds (ETFs) in the US markets, with nearly $4 billion in assets under management through its Bitwise Bitcoin ETF (BITB) as of May 14. Read more

Swiss lender UBS, which manages over $1 trillion in assets, said wealthy clients have begun allocating up to 5% of their portfolios to crypto as a way to hedge against inflation and currency volatility. According to the Swiss bank’s 2025 Global Investment Returns Yearbook, affluent investors are diversifying beyond traditional assets by investing in Bitcoin […] The post UBS reveals wealthy investors increasing crypto allocations to 5%, echoing Bitwise appeared first on CryptoSlate.

Bitwise Chief Investment Officer Matt Hougan said on May 14 that a “big unlock” is occurring across the financial advisory space regarding crypto investments. After attending a major advisory firm’s conference, Hougan shared his expectations that most major firms will enable crypto exchange-traded product (ETP) access by the end of 2025.  He added that interest […] The post Bitwise CIO expects surge in crypto ETP allocations by year-end, foresees 5% portfolio norm appeared first on CryptoSlate.

Bitcoin’s “base case” for the end of 2025 is $200,000 without further government adoption, Bitwise’s head of research told Cointelegraph. Bitcoin’s expanding institutional adoption may provide the “structural” inflows necessary to surpass gold’s market capitalization and push its price beyond $1 million by 2029, according to Bitwise’s head of European research, André Dragosch. “Our in-house prediction is $1 million by 2029. So that Bitcoin will match gold's market cap and total addressable market by 2029,” he told Cointelegraph during the Chain Reaction daily X spaces show on April 30. The Bitcoin cycle may also be prolonged when US wirehouses start gaining exposure to Bitcoin and ETFs. Read more