Bitwise

As the cryptocurrency community excitedly awaits the impending Bitcoin halving, Bitwise Chief Executive Officer (CEO) Hunter Horsley has weighed in on its impact on BTC, predicting that the event could potentially propel prices to $100,000 or even higher. Horsley expressed his optimistic outlook toward the upcoming Bitcoin Halving on the X (formerly Twitter) platform. Every four years, the Halving has historically been linked to greater price increases, and Horsley’s upbeat view indicates that this cycle might be no different from…

As a routine measure, the SEC has opened for public comments on the proposed Ethereum ETFs from Grayscale, Fidelity, and Bitwise. Although there is increasing concern about the status of ETH according to experts this might not hinder the approval of its ETF. The U.S. SEC has opened comments on the proposed Ethereum ETFs from Grayscale, Fidelity, and Bitwise. The comments apply to the proposed rule change that two exchanges – Cboe BZX and NYSE Arca – will list and…

Bitwise CIO Matt Hougan explained what makes Bitcoin valuable on Wednesday after a recently interviewed Goldman Sachs executive struggled to find the answer. Sharmin Mossavar-Rahmani – chief investment officer of the bank’s Wealth Management unit – said she still isn’t a “believer in crypto” even after the launch of Bitcoin spot ETFs in January. Why Goldman Sachs Stil Rejects Crypto According to the Wall Street Journal, the executive claims it’s hard to assign any value to Bitcoin given that it…

Bitwise Asset Management, a provider of cryptocurrency index funds, wants the U.S. Securities and Exchange Commission (SEC) to defer approval for a spot Ethereum Exchange-Traded Fund (ETF) until December. Bitwise Chief Investment Officer Matt Hougan told Forbes in an interview that the industry’s focus on Bitcoin-related products may hinder the necessary attention required for the development and approval of an Ethereum ETF. Spot Bitcoin ETF Success and Market Readiness The move comes in the wake of the company’s achievement with…

Institutional investors will pump over $1 trillion into crypto through ETFs and push Bitcoin to new heights, Bitwise chief investment officer Matthew Hougan has told investors in a recent note. “Keep calm and take the long view,” Hougan advised investors amid BTC volatility, insisting that the wave of institutional interest would push the top crypto to $150,000 in the current bull run. “1% down, 99% to go.” This is Matt Hougan’s view on the inflow into Bitcoin ETFs by institutional…

Over the last week, Bitcoin (BTC)  investors enjoyed much profit as the crypto asset gained 9.34% to trade above $71,000 based on data from CoinMarketCap. Currently, most of the BTC market is highly expectant of the potential large price gains that the current bull cycle could present.  However, commenting on the immediate future, Bitwise CEO Hunter Horsley has stated that the upcoming halving event – a key part of the bull cycle – could be the most significant in Bitcoin’s…

Matt Hougan, the CIO of the crypto index fund and asset management firm Bitwise, believes inflows into spot Bitcoin exchange-traded funds (ETFs) will continue for years as more investors and institutions adopt the products. In a tweet detailing his experiences during a 20-day road trip, Hougan said he met financial advisors who have already allocated 3% of their client’s portfolios to Bitcoin ETFs and those who have not nursed the thoughts at all, showing a gap in the adoption pace…

Following a week of net outflows, the spot Bitcoin ETF market has rebounded with impressive net inflows this week, highlighting a growing investor confidence in Bitcoin and its associated financial products. This week’s market activities have shown a remarkable reversal from the previous 5-day net outflow streak, with Tuesday witnessing a substantial net inflow of $480 million, followed by $243.5 million on Wednesday. Yesterday’s resurgence in investor interest was notably boosted by Blackrock’s massive inflow of $323.8 million, effectively offsetting…

The crypto market is back on track as we saw new all-time highs in the past weeks. Unlike in 2017, when speculative investors were the driving force behind the bull run, there is a strong push from institutional investment firms fueling this go-around. Bitcoin and the entire crypto market have reached a tipping point in adoption. For this reason, now is one of the best times to invest in the market.  Why Index Funds are a Smart Strategy Index funds…