Bitwise has launched a new product that lets eligible investors outside the U.S. automatically follow professionally designed portfolios of tokenized U.S. stocks while keeping the ****** ets in their own wallets.
The crypto ****** et manager's Automated Token Portfolios, or ATPs, are rules-based portfolios created by Bitwise Investment Manager, the company said in a Tuesday announcement. The portfolios use Coinbase's tokenized stocks and are implemented through Glider, an onchain portfolio automation platform.
The initial offerings will focus on themes including the Magnificent 7 technology companies plus ****** eX (NASDAQ: $SPCX), robotics, and artificial intelligence leaders. Bitwise will charge a 0.15% methodology access fee, excluding trading and platform costs.
More From Cryptoprowl:
Canadian Defense Tech Firm Jumps 92% as Government Revenue Boosts Margins

#portfolios #bitwise #automated #atps

Investors just moved a record $7 billion into gold and Bitcoin (BTC) funds in five days. Bitwise CIO Matt Hougan blames a flaw in the 60/40 portfolio, which is 100% exposed to fiat currency.
Bloomberg senior ETF ******* yst Eric Balchunas calls it the debasement trade, a bet on ******* ets no government can print. This week, that bet pushed AI funds out of the headlines.
SPDR Gold Shares (GLD) took in $3.4 billion in the week through August 21. BlackRock's iShares Bitcoin Trust (IBIT) added just over $1 billion, data shows.
Meanwhile, the VanEck Semiconductor ETF (SMH) bled $1.7 billion, more than any other fund. Money did not leave the market. It switched sides.
"DEBASER: Gold and Bitcoin ETFs have combined for +$7b in flows in past week, by far a record for a 5-day period as debasement trade steals spotlight from AI. GLD, IBIT leading, in Top 10 for week. Also notable $IBIT YTD flows are now positive, completely dug out of sizable hole," Balchunas shared.

#trade

Intesa Sanpaolo, Italy's largest banking group, slashed its Bitcoin ETF holding, BlackRock's iShares Bitcoin Trust (IBIT), by 93.7% last quarter. The bank also tripled its stake in the iShares Staked Ethereum Trust ETF, its new Form 13F shows.
The quarterly disclosure adds to evidence that some institutions now favor yield-bearing Ethereum funds over Bitcoin products.
The bank reported 40,723 IBIT shares worth $1.36 million as of June 30, down from 646,809 three months earlier. Its reported call position shrank 99.3%, from an underlying 2.5 million shares to just 18,000.
A new put position covering 500,000 IBIT shares also appeared in the filing. Puts typically gain value when the underlying **** et falls, which suggests a defensive stance on Bitcoin (BTC).
Meanwhile, the bank's iShares Staked Ethereum Trust holding jumped from 116,200 shares to 349,600, worth $7.1 million. Its Bitwise Solana Staking ETF position collapsed from 2,817 shares to just seven.

#shares

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
With days left before the August 7 deadline, Bitwise Chief Investment Officer Matt Hougan says passing the CLARITY Act has a coin flip's chance—though the market could even stomach a failed attempt.
Hougan told Cointelegraph that BlackRock's largest ETF is now a crypto ETF, Goldman Sachs is hiring in tokenization, and JPMorgan is building on blockchain.
Two more years of the current regulatory environment, he argued, gives the industry enough runway to become too large for any future administration to meaningfully roll back.
Don't Miss:

#hougan #august #chief #officer

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Bitcoin (BTC-USD) opened at $66,081.05 on Thursday, July 23, 2026, 0.6% lower than Wednesday's opening price. As of 9:22 a.m. ET this morning, the price of bitcoin moved down to $65,054.55.
Ethereum (ETH-USD) opened at $1,933.32 on Thursday, July 23, 2026, up 0.3% from Wednesday's opening price. The price of ethereum moved lower this morning to $1,899.38 as of 9:22 a.m. ET.
Bitcoin and ethereum have shown slight gains over the past month, fueling cautious optimism that the crypto market has hit a bottom.
In June, Coinbase CEO Brian Armstrong said that bitcoin hit its low point near $60,000. After Armstrong's prediction, the digital currency dipped below $58,000 briefly. Bitwise CIO Matt Hougan expressed a similar sentiment in early July.

#ethereum #morning

Hyperliquid (HYPE) trades near $71.82, up 4.4% in 24 hours, as bulls attempt a third breakout above the $76.70 all-time high. The token has gained roughly 250% from its January low near $20.50.
Record protocol revenue and fresh inflows from exchange-traded funds (ETFs) back the attempt. Meanwhile, monthly token unlocks and growing regulatory scrutiny keep sellers well-supplied with arguments for a lower Hyperliquid price target.
Hyperliquid crossed $1 billion in ******* ulative protocol revenue on June 30, according to DeFiLlama. The platform routes about 99% of trading fees into open-market HYPE purchases through its ******* istance Fund, according to Tokenomist data.
Therefore, the July 6 unlock of 9.92 million HYPE, worth around $645 million, met a buyback fund reportedly holding 4.6 times that amount. Buyback demand has absorbed similar tranches before.
Institutional access is also widening. Bitwise's BHYP and 21Shares' THYP were listed in mid-May as the first US spot HYPE ETFs. Combined net inflows passed $170 million by early July, and Grayscale filed its own S-1 with the SEC.

When Elon Musk's ***** eX (Nasdaq: SPCX) made its public debut on June 12, crypto traders were ecstatic that a publicly listed Wall Street giant holds Bitcoin (BTC) on its balance sheet.
The accumulation is not surprising, given that Musk himself has hailed cryptocurrencies like Bitcoin. Even Musk's father once disclosed that his tech tycoon son holds a considerable amount of Bitcoin.
Related: ***** yst sends blunt message on Elon Musk's Bitcoin ties
Grayscale's Head of Research, Zach Pandl, predicted ***** eX could herald a trend of large public companies holding Bitcoin in their treasuries.
But as Bitcoin failed to consolidate any recovery ahead of the ***** eX IPO, Bitwise advisor Jeffrey Park argued it was the hype around these IPOs that was drawing capital from Bitcoin into these newly public companies.

Bitcoin Price To $1M? VanEck Makes Bullish Five Year Prediction, Joining BitWise...

Key Takeaways
Bitwise CIO Matt Hougan says Bitcoin could reach $1 million in about 10 years.
Bitcoin ETFs have returned to net inflows.
Some ****** ysts project major upside for Bitcoin, but others, such as Arthur Hayes, remain cautious.
Bitcoin could reach $1 million within five years, VanEck’s head of digital ****** ets research Matthew Sigel said in a bullish forecast, adding to a growing wave of optimistic predictions from major crypto industry figures.

https://finance.yahoo.com/...

SEC delay on prediction markets ETFs echoes a long-fought bitcoin fund battle

Prediction markets ETFs may soon be coming to retail investors and even into retirement plans, but maybe just not as fast as anticipated.
The Securities and Exchange Commission during the second Trump administration has sought to distinguish itself from Biden era regulators with what it calls a move away from the “regulatory creep” that it says has held back markets and innovation. But it caught some in the financial industry off guard on Tuesday when it delayed the launch of 24 prediction markets ETFs, saying it needed more time to study the products before they were released to investors.
Roundhill Investments, Bitwise, and GraniteShares had all filed with the SEC in February to launch funds tied to prediction markets covering elections, economic data, and other real-world events. Under SEC rules, ETFs are automatically effective 75 days after filing unless otherwise halted by the SEC. That 75-day window was due to expire last week. The SEC’s intervention should not be surprising, according to ETF experts, even if the SEC under the Trump administration is focused on steps to ease market access, as well as less aggressive oversight of novel financial products, such as in the crypto **** e.
Prediction markets ETFs do represent a new kind of regulatory challenge. Unlike traditional ETFs, these investments are tied to event contracts and essentially place bets on real-world events. Some of the most notable, but also controversial, contracts on predictions markets like Kalshi are the ones related to politics, such as election results, a focus for the ETFs.

https://www.cnbc.com/2026/...

Bitcoin-Led 'Crypto Winter' Is Thawing, Bitwise's Matt Hougan Says

Bitcoin (CRYPTO: BTC) may be approaching the end of its current "crypto winter," according to Matt Hougan, chief investment officer at Bitwise ***** et Management, who says the market is likely closer to a recovery phase than another downturn.
In an Apr. 10 interview with Cointelegraph, Hougan said the broader four-year crypto cycle remains intact and could be entering a bottoming phase around mid-April.
He pointed to seasonal tax-related selling pressure in the United States as a possible factor contributing to recent wea

BITQ comes with a higher expense ratio than HODL.
HODL tracks Bitcoin directly, whereas BITQ holds crypto-related stock.
These 10 stocks could mint the next wave of millionaires ›
Both the VanEck Bitcoin ETF (NYSEMKT:HODL) and Bitwise Crypto Industry Innovators ETF (NYSEMKT:BITQ) offer access to the crypto economy, but they approach it in fundamentally different ways. HODL provides direct Bitcoin (CRYPTO:BTC) price exposure, whereas BITQ invests in companies tied to the crypto ecosystem, from miners to exchanges. This comparison unpacks how their costs, returns, and risk features stack up f

Getty Images
Retail crypto's mood is "extraordinarily negative," but institutional investors are "unremittingly bullish," according to Bitwise ******* et Mangement's Matt Hougan.
Amberdata's Greg Magadini expects interest in bitcoin as a "debasement hedge" to pick up next year.
The rise and subsequent retreat of bitcoin perfectly encapsulates the crypto industry's year. It won big—but it doesn't have much to show for it yet.
The price of bitcoin, the world's most well-known cryptocurrency, soared above $126,000, a record, but those gains evaporated and it's poised to finish down for 2025.

Key Takeaways
Bitcoin volatility may fall further in 2026, according to Bitwise.
The firm said Bitcoin, Ethereum and Solana are all expected to reach new all-time highs in the new year.
Short-term risks remain for Bitcoin.
Bitcoin could become less volatile than high-growth U.S. technology stocks, such as Nvidia, by 2026, while both Bitcoin and Ethereum are likely to reach new record highs, according to crypto ***** et manager Bitwise, which cited growing institutional adoption and regulatory clarity.

https://finance.yahoo.com/...

Key Takeaways
Mike Alfred remains firmly bullish on Bitcoin.
Prominent bulls including Michael Saylor, Tom Lee, Bitwise, and Grayscale continue to project higher prices over the coming years.
Despite longer-term optimism, some ******* ysts caution that Bitcoin could face further downside.
Famed bullish investor Mike Alfred has dismissed recently bearish ******* ysts as “drama queens” while predicting a Bitcoin price rally to $150,000.

https://finance.yahoo.com/...

Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says

Strategy has $1.4 billion in cash, no debt due until 2027, and Bitcoin's price is above the company’s cost basis, making a sale unlikely, argues Matt Hougan.
Strategy (MSTR) won’t be forced to sell Bitcoin to stay afloat if its share price drops, and those who say otherwise are “just flat wrong,” says Bitwise chief investment officer Matt Hougan.
“There is nothing about MSTR’s price dropping below NAV [net ******* et value] that will force it to sell,” Hougan argued in a note on Tuesday, pointing to chairman Michael

Bitcoin may still have room to fall before finding a true cycle bottom, according to André Dragosch, European head of research at Bitwise.
Key Takeaways:
Bitwise ****** yst André Dragosch says Bitcoin’s “max-pain” zone sits between $73K and $84K.
Dragosch calls this range “fire sale” territory, warning it could mark a full cycle reset as traders debate where capitulation will hit.
Bitwise CIO Matt Hougan argues the downturn is short-term noise and Bitcoin’s long-term value remains intact.

https://finance.yahoo.com/...

Bitwise Chief Investment Officer Matt Hougan is urging investors to look past Bitcoin’s sharp pullback, arguing that the cryptocurrency’s long-term value has little to do with its recent slide and everything to do with the service it provides.
Key Takeaways:
In a memo sent to clients late Tuesday, Hougan dismissed concerns about a deeper downturn, saying the current drop, roughly 27.5% from Bitcoin’s October all-time high, is “short-term noise.”
Bitcoin briefly dipped below $90,000 this week, prompting renewed questions from investors about what underpins its value.

https://cryptonews.co