
Crypto asset management giant Bitwise is hoping to launch a spot exchange-traded fund (ETF) for Dogecoin (DOGE). Bitwise has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the top memecoin ETF. In a new interview with the Financial Times, Bitwise’s chief investment officer Matt Hougan says that memecoins are an […]
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Crypto’s traditional four-year cycle could come to an end because of President Trump’s executive order, according to Bitwise’s chief investment officer Matt Hougan. In a new note to investors, Hougan says that the four-year cycle appeared to be intact – until Trump came out with the “Strengthening American Leadership in Digital Financial Technology” executive order. […]
The post Bitwise CIO Matt Hougan Says President Trump’s Executive Order Could End Crypto’s Four-Year Cycle – Here’s Why appeared first on The Daily Hodl.
Bitwise CIO Matt Hougan says that digital assets will likely go through a bullish phase in the next six months as the market digests the new crypto-friendly US presidential administration. In a post on the social media platform X, Hougan tells his 60,000 followers that the dramatic difference between the previous and current presidential administrations […]
The post ‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan appeared first on The Daily Hodl.
The U.S. Securities and Exchange Commission (SEC) is delaying its decision on asset management firm Bitwise’s proposed crypto index exchange-traded fund (ETF) to March of this year. In a post on the social media platform X, Bloomberg ETF analyst James Seyffart says the regulatory agency is pushing back its decision on whether to let Bitwise […]
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The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
US regulators said they need more time to decide whether an exchange-traded fund (ETF) designed as a one-stop-shop crypto portfolio can be listed on the New York Stock Exchange’s electronic securities exchange, according to a Jan. 14 regulatory filing.
The filing was a response to NYSE’s December request for permission to list the Bitwise 10 Crypto Index Fund on NYSE Arca.
If approved, Bitwise’s proposed ETF would be the first diversified spot crypto ETF to hit the US markets. It would also be the first US ETF to hold alternative cryptocurrencies, or “altcoins.”
Fundstrat’s Tom Lee says those who buy Bitcoin around $90,000 now won’t “lose money” over the long term.
Despite a warning from analysts that Bitcoin could fall under $70,000, the asset’s current $90,000 price tag remains a “good entry point” for long-term investors, according to Fundstrat Capital’s chief investment officer.
“I don’t think anyone is going to lose money buying here at $90,000. If they’re trying to time this, maybe they get lucky, and it goes to $70,000,” Tom Lee said in a Jan. 13 interview with CNBC, adding Bitcoin (BTC) will be “one of the best-performing assets of the year.”
At the time of the interview, Bitcoin was trading at $91,662. Lee said that while Bitcoin may be down 15% from its all-time high, this is a “pretty normal correction” for a “hyper-volatile asset.”
Lee said his firm sees one scenario where Bitcoin falls back to the $70,000 zone before rallying, though another scenario could see Bitcoin fall as low as the $50,000 range.