bitwise

According to The Block, Bitwise has partnered with Superstate to explore the tokenization of its Bitwise Solana Staking ETF (BSOL).ETF expert Nate Geraci commented that in the coming months, asset management companies will release a large number of such press releases.

ChianCatcher news, Bitwise CIO Matt Hougan tweeted that the traditional view of "tokens not capturing value" is outdated. He listed several protocols that are achieving value capture through buyback and burn mechanisms: Hyperliquid uses over 97% of transaction fees for buybacks (accumulating over $2 billion); Pump has burned 36% of its supply and locked 50% of its revenue for burns; Uniswap has burned 107 million UNI and activated the fee switch; Aave implements automatic buybacks; Aptos has a hard cap supply and burns fees that have increased tenfold; Solana is proposing to increase fee burns by 12-14 times.Hougan believes that the market has not yet fully repriced these changes.

According to BBX data, yesterday global listed companies and large ETF issuers disclosed the latest developments in digital asset reserve allocation and debt restructuring, with the core information as follows:Bitwise continues to increase its holdings, with its clients purchasing over $5 million in HYPE in a single week: The latest update from leading cryptocurrency index fund management company Bitwise shows that the firm has not sold any HYPE assets since last month and has maintained a net buying position throughout August. Market data indicates that in the past week, its ETF clients have cumulatively purchased HYPE worth over $5 million.Empery Digital sold 235 bitcoins to resolve debt: U.S. listed company Empery Digital (NASDAQ: $EMPD) officially disclosed that the company recently sold 235 bitcoins in the open market to raise funds for repaying approximately $10 million in maturing debt. After this reduction, Empery Digital's total bitcoin holdings have decreased to 1,279 BTC, ranking 39th in the global list of companies by bitcoin holdings.

According to Bloomberg, amid the recent downturn in digital asset prices, cryptocurrency asset management company Bitwise Asset Management Inc. has cut approximately 14% of its staff.It is reported that the San Francisco-based Bitwise confirmed in an email statement sent to Bloomberg that its workforce has been reduced from about 180 people to around 155.CEO Hunter Horsley stated that even after the layoffs, Bitwise's workforce remains the largest in its eight-year history.

According to Arkham monitoring, Bitwise has been continuously buying Hyperliquid (HYPE) recently and has not sold any HYPE tokens since last month. Since August this year, Bitwise has only conducted HYPE buying operations.Data shows that Bitwise's HYPE ETF clients have accumulated over 5 million USD in HYPE purchases in the past week. Bitwise has previously launched investment products targeting Hyperliquid (HYPE) to provide institutional investors with HYPE exposure.

Bitwise CEO posted on the X platform that a large bank has allowed customers to borrow against the Bitwise Solana Staking ETF (BSOL), with a maximum loan-to-value ratio of 25%. He expressed his pleasure in seeing cryptocurrency continue to integrate into the mainstream financial system.

According to Onchain Lens monitoring, Bitwise purchased 28,085.8 HYPE from Nonco for its ETF clients, valued at approximately 1.52 million USD, and transferred the tokens to its BHYP wallet (0x22B9...90b5).

During the US stock market, Circle (CRCL) stock price rose over 6%, reaching a high of $73.35 during the session, with a market capitalization of approximately $18 billion.Recently, Bitwise Research Director Ryan Rasmussen stated that as the stablecoin market expands to trillions of dollars, Circle's value is underestimated by the market, and it will not only become a stablecoin giant but also a payment giant.

According to CoinDesk, Bitwise Research Director Ryan Rasmussen stated that as the stablecoin market expands to a scale of trillions of dollars, Circle's value is underestimated by the market. Rasmussen expects the stablecoin market to grow from about $300 billion to $3 to $5 trillion, with Circle having a first-mover advantage due to its existing market share as U.S. stablecoin regulations take shape.He believes that Circle will not only become a stablecoin giant but also a payment giant—its payment infrastructure under construction will play a key role in a stablecoin-driven financial system, yet investors are still too focused on its reserve business. Rasmussen compared Circle's potential development trajectory to that of Visa and Mastercard, arguing that the entry of banks and other giants is not a major threat, as the pace of market expansion is sufficient for Circle to maintain growth. He mentioned that Circle's Arc blockchain will test whether it can expand from stablecoin issuance to the payment infrastructure sector, with the key in the coming year being how its economic model changes with the adoption of stablecoins and the development of infrastructure.

Bitwise CIO Matt Hougan stated in an interview with CoinDesk that the price of Bitcoin could reach $1.3 million by 2035, primarily driven by large-scale inflows of institutional funds.Hougan pointed out that global institutions manage $100-200 trillion in assets, and even if just 1% is allocated to Bitcoin, it could bring in $1-2 trillion in funds, supporting the achievement of this price target. Retail investors have pushed the crypto market from zero to a $2 trillion market cap, while institutional capital will dominate growth in the next decade, driving the total market cap to higher levels.

Bitwise Chief Investment Officer Matt Hougan stated that if the Clarity Act does not pass this week, the market may experience a brief fluctuation, but it will be prepared for a rebound in the fall.

According to Arkham data, Bitwise's BSOL ETF has accumulated approximately $891.9 million in SOL.BSOL is currently the largest SOL ETF, attracting nearly 80% of the capital inflow in the U.S. SOL ETF market.

According to SoSoValue data, yesterday (Eastern Time July 31) the total net inflow of Ethereum spot ETFs was $9.0295 million.The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $15.3831 million. Currently, the historical total net inflow of ETHB has reached $544 million.The Ethereum spot ETF with the highest single-day net outflow yesterday was Bitwise ETF ETHW, with a single-day net outflow of $2.5371 million. Currently, the historical total net inflow of ETHW has reached $382 million.As of the time of writing, the total net asset value of Ethereum spot ETFs is $10.229 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) of 4.55%. The historical cumulative net inflow has reached $11.210 billion.

According to SoSoValue data, yesterday (Eastern Time July 31) the total net inflow of XRP spot ETF was $7.6949 million.The XRP spot ETF with the highest net inflow yesterday was Bitwise XRP ETF (XRP), with a net inflow of $7.1184 million, bringing its historical total net inflow to $511 million.Following that was Franklin XRP ETF (XRPZ), with a net inflow of $576,500, bringing its historical total net inflow to $426 million.As of the time of writing, the total net asset value of XRP spot ETFs is $989 million, with an XRP net asset ratio of 1.49%, and the historical cumulative net inflow has reached $1.509 billion.

Bitwise CEO posted on the X platform that one of the world's largest wealth management companies has opened the Bitwise Solana Staking ETF BSOL to its advisors and clients.

Bitwise Chief Investment Officer Matt Hougan posted that the impact of interest rate decisions on Bitcoin over the next five years will be less than it has been over the past fifteen years. He stated that since Bitcoin's inception, interest rates have fluctuated significantly between 0% to 2.5%, 0% to 5%, and 3.5%, with changes measured in whole percentage points. However, future adjustments may be more moderate, with CME expecting interest rates to rise by only 50 basis points over the next year.Matt Hougan assesses that the Federal Reserve under Warsh may be closer to the slight adjustment style of the mid-1990s under Greenspan, rather than the patterns seen in recent years under Bernanke and Powell. If this is indeed the case, the smaller magnitude of interest rate changes will also weaken their impact on Bitcoin; while interest rates remain important, the weight of other factors will increase.

According to Onchain Lens monitoring, the Bitwise BHYP Hyperliquid ETF transferred 39,300 HYPE to Coinbase about 1 hour ago, worth approximately $2.13 million.Over the past few weeks, the fund has cumulatively transferred 280,700 HYPE to Coinbase through multiple transactions, worth approximately $17.35 million. It currently holds 354,000 HYPE, worth approximately $19.25 million, with an additional $34.62 million worth of HYPE staked in Hyperliquid.

According to on-chain analysis platform Lookonchain (@lookonchain), Bitwise has once again sold 117,917 $HYPE, worth approximately 7.05 million dollars.

According to SoSoValue data, yesterday (Eastern Time July 24), the HYPE spot ETF had a total net outflow of $6.8882 million in a single day.Yesterday, only the Bitwise Hyperliquid ETF (BHYP) had a net outflow, with a single-day net outflow of $6.8882 million, and the historical total net inflow currently stands at $117 million.As of the time of publication, the total net asset value of the HYPE spot ETF is $288 million, with a net asset ratio of 2.24%, and the historical cumulative net inflow has reached $293 million.