Asset Management Firm Bitwise Files for Spot XRP ETF

October 1, 2024 Bitcoin.com

bitcoin.com

Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with Ripple CEO Brad Garlinghouse’s positive outlook on the future of XRP ETFs. Bitwise’s Move Toward an XRP […]

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MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Bitwise has filed an XRP ETF

October 1, 2024 Coin Telegraph

Bitwise

The crypto-focused asset manager filed the exchange-traded fund application in the state of Delaware.

An application for a Bitwise XRP exchange-traded fund (ETF) has appeared on the State of Delaware’s Division of Corporations website. Cointelegraph independently confirmed the filing with a Bitwise spokesperson.

According to the filing, the Bitwise XRP ETF was incorporated on Sept. 30, 2024. The registered agent was listed as CSC Delaware Trust Company, which is headquartered in Wilmington, Delaware.

The application comes just a few months after Ripple’s CEO, Brad Garlinghouse, hinted about the upcoming financial product, describing an XRP ETF as “inevitable” following the launch of Bitcoin and Ether ETFs in the United States.

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Blackrock’s Bitcoin and Ether ETFs Lead Inflows Amidst Strong Trading Day

September 25, 2024 Bitcoin.com

Bitcoin ETFs

According to the latest numbers, U.S. spot bitcoin exchange-traded funds (ETFs) raked in $135.95 million in inflows on Tuesday. Meanwhile, spot ether ETFs were not left behind, attracting $62.51 million in new capital. U.S. Bitcoin ETFs Reap $135M Inflows, Ether Funds Close Behind with $62M It was a solid day for U.S. spot bitcoin and […]

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Bitwise CIO Highlights Bitcoin’s Role as a Hedge Against U.S. Public Debt

September 23, 2024 Bitcoin.com

Bitcoin (BTC)

Matt Hougan, CIO of Bitwise, one of the world’s largest crypto fund managers, referred to the value of bitcoin as a hedge against the U.S. debt and the decline of the dollar. In social media, Hougan stated that bitcoin was an instrument that allowed investors to put funds in the market taking public debt into […]

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‘Microsoft of Blockchains:’ Bitwise Doubles Down on Ethereum’s Fundamentals

September 21, 2024 Bitcoin.com

Altcoins

Bitwise, a crypto index fund and ETF provider, believes that ethereum has the fundamentals needed to recover from its bad price performance compared to currencies like bitcoin. Bitwise CIO Matt Hougan compared Ethereum with Microsoft, stating that while it was not as disruptive as other chains, it still had the size to overcome these difficulties. […]

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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec

September 19, 2024 Coin Telegraph

Bitwise

Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise’s Matt Hougan.

Ethereum may be in the “doldrums” at the moment, but haters of the blockchain will probably end up looking “silly,” says the chief investment officer of Bitwise.

In a Sept. 17 post, Bitwise’s Matt Hougan admits there has been a lot of negative community sentiment over Ethereum. The ETH/BTC ratio has been at its lowest in three years, and the price of Ether is flat compared to Solana (SOL) and Bitcoin (BTC).

“No one likes Ethereum right now,” he said.

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Ethereum in ‘Doldrums’ As Bitcoin and Solana Outperform ETH, Says Bitwise CIO Matt Hougan – Here’s Why

September 18, 2024 The Daily Hodl

Bitcoin

The chief investment officer of crypto asset management firm Bitwise says that Ethereum (ETH) appears to be in a period of stagnation after being outpaced by both Bitcoin (BTC) and Solana (SOL). In a new blog post, Bitwise executive Matt Hougan says that Ethereum is experiencing doldrums due to competitors with superior technology, the risks […]

The post Ethereum in ‘Doldrums’ As Bitcoin and Solana Outperform ETH, Says Bitwise CIO Matt Hougan – Here’s Why appeared first on The Daily Hodl.

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Spot Bitcoin ETFs Snap Outflow Trend With $28.72M Inflows; Ether ETFs Falter

September 10, 2024 Bitcoin.com

Bitcoin

According to the latest data, spot bitcoin exchange-traded funds (ETFs) broke an eight-day outflow streak on Monday, scooping up $28.72 million in fresh investments. Meanwhile, things didn’t look as bright for the nine spot ether ETFs, which saw outflows of $5.2 million during the trading session. Bitcoin ETFs Recover $28.72M in Inflows; Ether ETFs Shed […]

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Bitwise CIO Matt Hougan Says ‘Unexpected Crises’ To Happen to Bitcoin (BTC) – Here’s What He Means

August 29, 2024 The Daily Hodl

Bitcoin

The chief investment officer of crypto asset management firm Bitwise says that Bitcoin (BTC) will be hit with an unexpected crisis. In a new interview on the Insightful Investor YouTube channel, Bitwise CIO Matt Hougan says that the crypto king is now stable enough to be considered a store of value, much like gold. According […]

The post Bitwise CIO Matt Hougan Says ‘Unexpected Crises’ To Happen to Bitcoin (BTC) – Here’s What He Means appeared first on The Daily Hodl.

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ARKB Divests $101M Amid $127M Outflow From Bitcoin ETFs

August 28, 2024 Bitcoin.com

ARKB

On Tuesday, spot bitcoin exchange-traded funds (ETFs) experienced their first outflows after an eight-day run of inflows. The group of funds saw $127.05 million withdrawn, with ARKB taking the brunt of the losses, shedding $101.97 million. Ether ETFs also saw declines, though their losses were less significant compared to their bitcoin counterparts. $127M Withdrawn From […]

Bitwise

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