The U.S. SEC granted accelerated approval for Bitwise’s proposal to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot ETF, only to later halt the launch under Rule 431 for further review. This follows a similar reversal involving Grayscale’s mixed crypto ETF, raising concerns about regulatory consistency. The BITW ETF, which includes major cryptocurrencies like Bitcoin and Ethereum, was set to trade on NYSE Arca but remains OTC until the stay is lifted. Analysts criticize the SEC’s opaque decision-making, with some suggesting the delays align with pending regulatory deadlines. Bitwise manages nearly $5.8B in crypto ETFs, including its $4.8B spot Bitcoin ETF.
about SEC Approves Then Halts Bitwise Crypto ETF in Bizarre MoveBitwise 10 Crypto Index Fund
0 in Finance and 0 in Crypto last weekDogecoin Faces Potential Downturn Similar to XRP’s 2021 Performance
Dogecoin’s recent performance has drawn parallels to XRP’s 2021 cycle, with analysts suggesting it may underperform this bull cycle. After a significant correction of over 32% since January, some believe Dogecoin has peaked, mirroring XRP’s struggles during regulatory challenges. Despite this, optimism remains due to growing institutional interest, including ETF applications from Bitwise and Grayscale. Currently, DOGE trades at $0.2109, down 5% this month.
about Dogecoin Faces Potential Downturn Similar to XRP's 2021 PerformanceBitcoin Price Rebounds as Short-Term Holders Increase Supply Dynamics
Bitcoin has rebounded to $87,992, marking a 6.9% increase in 24 hours, driven by a shift in supply dynamics between short-term and long-term holders. As long-term holders sell, short-term traders accumulate, indicating a potential cooling-off phase and a market transition. While institutional buyers continue to support Bitcoin, a decline in real spot demand raises concerns about sustained upward momentum. Monitoring supply trends and liquidity conditions will be crucial for assessing Bitcoin’s next moves.
about Bitcoin Price Rebounds as Short-Term Holders Increase Supply DynamicsBitcoin poised for surge as US dollar weakens and liquidity increases
Bitcoin is poised for a significant price increase by March 25, as the US dollar weakens and global liquidity trends shift favorably towards cryptocurrencies. Analysts predict a rebound in the total M2 money supply, which historically correlates with Bitcoin’s bull markets. Additionally, the likelihood of a US Strategic Bitcoin Reserve has reached 71%, further boosting market optimism.
about Bitcoin poised for surge as US dollar weakens and liquidity increasesTrump’s Crypto Reserve to Focus on Bitcoin Amid Market Reactions
Trump’s planned crypto reserve is expected to be predominantly Bitcoin, despite initial announcements including various altcoins like Solana, XRP, and Cardano. Bitwise’s Matt Hougan suggests that the final reserve will be larger than anticipated, with Bitcoin at its core, while concerns arise over the inclusion of smaller assets. The market’s initial reaction was bullish, but volatility remains as the reserve’s structure may evolve following input from industry leaders at an upcoming White House summit.
about Trump's Crypto Reserve to Focus on Bitcoin Amid Market ReactionsBitwise Files to Launch Spot Aptos Exchange-Traded Fund in the US
Bitwise has filed to list a spot Aptos ETF in the US, marking its latest move to expand beyond its existing Bitcoin and Ether ETFs. The Aptos token, created by former Facebook employees, ranks 36th by market cap at $3.8 billion. The filing includes Coinbase Custody as the proposed custodian, but lacks details on the stock exchange, fees, or ticker.
about Bitwise Files to Launch Spot Aptos Exchange-Traded Fund in the USBitwise Files for Aptos ETF Amid Growing Altcoin Fund Interest
Bitwise has officially registered with the SEC for an Aptos ETF, reflecting a growing interest in altcoin funds. This move highlights the increasing demand for diverse investment options in the cryptocurrency market.
about Bitwise Files for Aptos ETF Amid Growing Altcoin Fund InterestBitwise Files S-1 to Launch Aptos ETF as Token Surges 7 Percent
Bitwise has filed an S-1 application with the US Securities and Exchange Commission to launch an Aptos (APT) exchange-traded fund (ETF), causing APT’s price to surge 7% to $6.50. The ETF will use the CF Aptos-Dollar Settlement Price for its net asset value and will be cash-settled, with Coinbase as the custodian. This filing follows a trend of crypto ETF applications, with predictions of increased approvals under a more crypto-friendly administration.
about Bitwise Files S-1 to Launch Aptos ETF as Token Surges 7 PercentUS Crypto Reserve Proposal May Favor Bitcoin Over Other Assets
Bitwise CIO Matt Hougan predicts that Bitcoin will form the core of the US’s proposed strategic crypto reserve, which he believes will be larger than expected. Despite initial market volatility and skepticism over including altcoins, Hougan argues that the reserve’s establishment signals a long-term positive shift for digital assets and may prompt other nations to acquire Bitcoin. He emphasizes that the US government’s recognition of crypto as a strategic asset could have significant global implications.
about US Crypto Reserve Proposal May Favor Bitcoin Over Other AssetsTrump’s Crypto Reserve Announcement Sparks Mixed Reactions in Market
Bitwise CIO Matt Hougan views President Trump’s proposed crypto reserve, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, as bullish for the market despite a price dip. He highlights that the initial proposal may evolve, other countries could follow suit in crypto investments, and purchased assets are likely to be held long-term, similar to gold. The inclusion of smaller assets complicates matters, but the U.S. government’s recognition of crypto as “strategic” is a positive sign for the market.
about Trump's Crypto Reserve Announcement Sparks Mixed Reactions in MarketDavid Sacks Sells All Crypto Holdings Before Trump’s Inauguration
David Sacks, known as the White House’s “Crypto Czar,” revealed he sold all his Bitcoin, Ethereum, and Solana holdings before Donald Trump’s inauguration. He also divested a $74,000 position in a Bitwise ETF shortly after. Despite selling off direct crypto holdings, Sacks’ firm, Craft Ventures, retains stakes in a few crypto startups. Trump announced plans for a “crypto strategic reserve” to include major cryptocurrencies, positioning the U.S. as the “crypto capital of the world.”
about David Sacks Sells All Crypto Holdings Before Trump's InaugurationBitcoin Expected to Surpass 150000 by End of 2025 According to Analyst
Tom Lee, co-founder of Fundstrat Global Advisors, predicts Bitcoin will exceed $150,000 by the end of 2025, despite recent volatility. He cites increasing institutional support and favorable fundamentals as key drivers, while also emphasizing the importance of long-term holding over short-term trading. Regulatory developments, including potential government interest in cryptocurrencies, could further influence Bitcoin’s market trajectory.
about Bitcoin Expected to Surpass 150000 by End of 2025 According to Analyst