Bitwise CEO Makes Startling Statement on the Symbiosis Between Banks and Cryptocurrency

October 15, 2024 Bitcoin.com

Banks

Hunter Horsley, co-founder and CEO of Bitwise, a $4 billion crypto fund manager, believes that banks will accelerate the participation of many investors in the cryptocurrency market. Horsley predicted that in 12 months, the stance of many crypto adopters will change, declaring that banks will be regarded as “the best thing that ever happened to […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Crypto Biz: Tether’s 10 years with meteoric growth, ties to US, European hurdles

October 11, 2024 Coin Telegraph

Bitwise

Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe.

Tether marked its first 10 years amid a considerable expansion in its user base. According to the stablecoin issuer, it had 350 million users on Oct. 7, an increase of 148% from its 141 million users in 2022.

Tether’s USDT (USDT) rapid growth over the past two years can be partially attributed to a tighter regulatory landscape in the United States, which has put pressure on domestic crypto companies since the FTX debacle in November 2022.

Increased scrutiny by regulators, combined with the 2023 banking crisis that led to the temporary depegging of its primary competitor, USD Coin (USDC), drove many users to move their assets away from US-based platforms amid concerns over regulatory risks and the stability of the financial system. Even though market conditions have evolved since then, Tether has successfully retained a significant portion of these users.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Bitwise CIO Matt Hougan Says Bitcoin ‘Q4 Melt-Up’ Could Unfold Under These Three Conditions

October 9, 2024 The Daily Hodl

Bitcoin

Bitwise CIO Matt Hougan says three conditions could pave the way for Bitcoin (BTC) to rip to the $80,000 level before the end of the year. In a new note to investors, Hougan references a prediction that Bitwise made at the end of 2023 forecasting that BTC would trade above the $80,000 level in 2024. […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

BTC and ETH ETFs Post Positive Inflows Despite GBTC, ETHE Losses

October 5, 2024 Bitcoin.com

Asset Management

On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day’s trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.39M Both bitcoin and ethereum ETFs showed positive growth on Friday, […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Bitwise Plans ETF Merger, Aims to Launch Momentum-Based Bitcoin and Ether Fund

October 5, 2024 Bitcoin.com

Bitcoin

Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures. Bitwise to Combine Bitcoin and Ethereum ETFs According to the SEC filing, […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Bitwise Continues SEC Filing Spree With Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC)

October 4, 2024 The Daily Hodl

bitc

$4.5 billion crypto asset manager Bitwise is filing for its second crypto exchange-traded fund (ETF) this week. According to the U.S. Securities and Exchange Commission (SEC), Bitwise filed a Form N-1A for a new product called the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) earlier today. A Form N-1A is a required registration […]

The post Bitwise Continues SEC Filing Spree With Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) appeared first on The Daily Hodl.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Crypto Biz: Axelar’s new interoperability stack goes live

October 4, 2024 Coin Telegraph

bitcoin futures

With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.

Protocols are continuing to race for interoperability solutions. With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.

One of the players in this game is Axelar protocol. The company announced on Oct. 2 its Mobius Development Stack (MDS), offering a new platform for self-service integration with both onchain and offchain systems, allowing decentralized applications to connect across various blockchain networks.

The platform debuted supporting Solana, Stellar, Sui and XRP Ledger, with additional security features from Babylon and EigenLayer. The stack also offers the Interchain Token Service (ITS), allowing developers to tokenize assets like real estate and intellectual property on any blockchain.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Analyst: 13 of the Top 25 ETFs Launched in 2024 Are Bitcoin or Ether-Related

October 4, 2024 Bitcoin.com

Ark Invest

Data shows that bitcoin and ethereum exchange-traded funds (ETFs) have made quite an impact this year in the world of traditional finance. According to Nate Geraci, co-founder of the ETF Institute, out of 525 funds launched in 2024, a total of 13 out of the top 24 best-performing ETFs are related to bitcoin and ether. […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

XRP’s ETF hopes after SEC appeal depend on US election: Analysts

October 4, 2024 Coin Telegraph

Appeal

XRP holders were on a high after the first XRP ETF application was filed, only to see hopes dim after the SEC’s Ripple appeal. The race is on between Solana and XRP to become the first US altcoin ETF.

The past week has been a rollercoaster ride for XRP holders. News of the filing for the first XRP exchange-traded fund (ETF) was followed by the United States Securities and Exchange Commission appealing its court loss to XRP issuer Ripple.

Observers could be forgiven for wondering if the two events were connected.

Consider the timeline: Index fund manager Bitwise applied to incorporate the Bitwise XRP (XRP) ETF in Delaware on Sept. 30 and then filed an application with the SEC on Oct. 2 for the XRP ETF.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

$4,500,000,000 Crypto Firm Bitwise Files for First XRP-Based ETF With SEC: Report

October 2, 2024 The Daily Hodl

Bitwise

A prominent player in the crypto investment space is filing for a new digital asset exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). According to a Fox Business Report, Bitwise Asset Management, the largest crypto index fund manager in the US, has filed to launch a spot ETF for XRP, the native […]

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Bitwise

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