65 articles tagged with #bitwise. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
Bitwise CEO Hunter Horsley announced that the firm's XRP spot ETF has become the largest XRP ETF in America, surpassing competitors in assets under management. The ETF has seen $10 million in inflows this week as the XRP ETF category continues to expand its liquidity and asset base.
Bitwise donated $233,000 from profits of its BITB ETF to support Bitcoin open source developers through three organizations: Brink, OpenSats, and the Human Rights Foundation Bitcoin Development Fund. This donation demonstrates how Bitcoin ETF profits are being reinvested back into the Bitcoin ecosystem's development infrastructure.
Bitwise announced it will donate $233,000 to support Bitcoin open-source developers who maintain and secure the Bitcoin network. This contribution represents corporate backing for the decentralized development ecosystem that keeps Bitcoin operational.
Bitwise's spot XRP ETF has become the largest XRP ETF in the United States, achieving this milestone after experiencing $10 million in weekly inflows. This development indicates strong investor demand for XRP exposure through traditional investment vehicles.
Bitwise's Matt Hougan suggests traditional finance will adopt 24/7 cryptocurrency trading infrastructure sooner than anticipated. He referenced a recent weekend when investors flocked to Hyperliquid to trade during the Israel-Iran conflict, calling it 'the weekend that changed finance.'
Bitwise CIO Matt Hougan reveals that institutions are treating Bitcoin's recent dip as a buying opportunity rather than a warning sign, with professional allocators finally entering after years of deliberation. While retail sentiment has turned bearish with the Fear & Greed Index at 5, institutions continue making net inflows into Bitcoin ETFs as they operate on longer investment timelines.
XRP ETFs are attracting steady inflows while Bitcoin and Ethereum funds face sustained outflows, with XRP capturing 50% of all new altcoin ETF capital. XRP funds have recorded only 3 negative flow days this month compared to Bitcoin ETFs' 9 outflow sessions, accumulating $1.24 billion in total net inflows since launch.
Bitwise advisor Jeff Park has raised concerns about a regulatory carve-out that may be undermining Bitcoin's natural price discovery mechanism. Park describes this situation as 'structurally unsettling' and suggests it could be suppressing Bitcoin's price integrity.
Bitwise Investments has acquired institutional staking provider Chorus One, significantly expanding its staking capabilities across more than 30 proof-of-stake networks. This acquisition enhances Bitwise's ability to offer comprehensive staking services to institutional clients in the growing PoS ecosystem.
Bitwise has analyzed and identified the key factors that most significantly influence Ethereum's price movements. The research provides insights into the primary drivers behind ETH's price volatility and performance.
Matt Hougan of Bitwise Asset Management predicts Bitcoin could reach $1 million if it captures a larger share of the global store-of-value market. Meanwhile, DeepSnitch AI announces its presale launch with 100x price targets, positioning itself against competitors Blazpay and Escapehub.
Bitwise has donated over $380,000 to open-source Bitcoin developers, partnering with Bitcoin Brink, OpenSats, and the Human Rights Foundation to allocate their second annual donation. This initiative demonstrates continued institutional support for Bitcoin's open-source development ecosystem.
Asset management firm Bitwise predicts Bitcoin will reach its price bottom sooner than the general market consensus of 8 months. This contrarian view suggests a potentially shorter bear market cycle than widely anticipated.
Bitwise CIO Matt Hougan rejected claims that Jane Street is responsible for Bitcoin's recent price decline. Instead, Hougan characterized the downturn as a typical crypto winter market cycle.
Matt Hougan, CIO of Bitwise, believes Bitcoin has not yet reached its 'final cathartic bottom' but remains optimistic that Bitcoin will recover from the current crypto winter phase within this year.
