RT Yogita Khatri (@Yogita_Khatri5)Bitwise goes onchain.The ETF-focused crypto asset manager has launched its first vault via @Morpho, targeting up to 6% yield on USDC.@BitwiseInvest calls onchain vaults “ETFs 2.0” and expects their AUM to double this year. ...

Bitwise debuts onchain vault via Morpho, targeting up to 6% yield on USDC https://t.co/oz39VocJcZ ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The cryptocurrency market likely bottomed in Q4, Bitwise has suggested. Bitwise investment chief Matt Hougan in a quarterly market report released on Jan. 21 said Q4 showed the type of divergence typically seen at the bottom of a bear market: sentiment was down, but fundamentals were up. Hougan cited Ethereum’s 29% decline in the quarter while network activity jumped 24.5%. Similarly, he said cryptocurre ...

Core Insights - The iShares Ethereum Trust ETF (ETHA) and Bitwise Crypto Industry Innovators ETF (BITQ) offer different approaches to investing in the cryptocurrency ecosystem, impacting cost, performance, risk, and portfolio composition for investors [2] Cost & Size - ETHA has an expense ratio of 0.25% and an AUM of $10.9 billion, while BITQ has a higher expense ratio of 0.85% and an AUM of $400.6 million [3] - The one-year return for ETHA is -9.94%, whereas BITQ has a return of 26.3% as of January 24, 2026 [3] Performance & Risk Comparison - The maximum drawdown over one year for ETHA is -58.52%, compared to -45.51% for BITQ [4] - A $1,000 investment in ETHA would grow to $939 over one year, while the same investment in BITQ would grow to $1,263 [4] Portfolio Composition - BITQ invests in 33 companies within the crypto sector, focusing on financial services, with significant holdings in IREN Ltd., Coinbase, and Strategy Inc. This structure mitigates some volatility associated with direct crypto holdings [5] - ETHA exclusively tracks the price of Ethereum, resulting in high concentration and risk tied directly to Ether's price without diversification [6] Investor Implications - Investors should be aware of the risks associated with crypto-related ETFs. ETHA carries higher risk due to its short market presence and single-asset focus on Ethereum, leading to potential volatility [7] - BITQ's holdings are stocks tied to the crypto market, which can also experience high volatility, and it has delivered an approximate -6% return since its inception in 2021 [8]

Core Insights - The VanEck Bitcoin ETF (HODL) and Bitwise Crypto Industry Innovators ETF (BITQ) provide different access to the crypto economy, with HODL offering direct Bitcoin price exposure and BITQ investing in companies within the crypto ecosystem [1] Cost & Size - HODL has an expense ratio of 0.25% and assets under management (AUM) of $1.4 billion, while BITQ has a higher expense ratio of 0.85% and AUM of $438.21 million [2][3] Performance & Risk Comparison - Over a two-year period, HODL experienced a maximum drawdown of -93.68% and a growth of $1,000 to $482, whereas BITQ had a maximum drawdown of -51.22% and grew $1,000 to $2,023 [4] Composition - BITQ holds 37 companies, primarily in financial services, technology, and consumer cyclical sectors, with major positions in IREN Ltd., Coinbase, and Strategy Inc., providing diversified exposure to the crypto economy [5] - HODL's portfolio consists solely of Bitcoin, making its returns and volatility directly tied to Bitcoin's price [6] Investor Implications - HODL presents higher risk due to its direct exposure to Bitcoin and shorter market presence, while BITQ offers a less volatile investment through its stock holdings, although these are still influenced by the crypto market [7][9]

Core Insights - The current dynamics in gold and silver markets mirror the previous trends seen in the crypto space, where investors rotate profits among assets to seek greater gains [1][2] - Gold's price has surged 80% over the past year, approaching $5,000 per ounce, while silver has increased by 228%, surpassing $100 per ounce for the first time [2] - The "wealth effect" suggests that as investors feel wealthier, they tend to spend more, which is evident in the movement towards smaller digital assets and precious metals [3] Market Dynamics - The precious metals market has seen a significant increase in wealth, with gold's market cap estimated at $34 trillion and silver's market cap rising to approximately $5.6 trillion [2][4] - The spillover effect from a $15 trillion wealth event into a $2 trillion market can lead to parabolic price increases in precious metals [4] - Other precious metals like cobalt and palladium have also doubled in value over the past year, indicating a broader trend in the precious metals market [4] Cryptocurrency Context - Ethereum, Solana, and XRP have a combined valuation of $453 billion, highlighting the volatility of smaller cryptocurrencies compared to Bitcoin, which holds a market share of 58% [5] - The crypto market has seen Bitcoin's share increase from 36% since the market bottomed out in 2022, aided by the introduction of exchange-traded funds for digital assets [6]

Core Viewpoint - Nasdaq is seeking SEC approval to remove restrictions on options trading for crypto ETFs, which could enhance market accessibility and trading fairness for investors [1][3]. Group 1: Nasdaq's Proposal - Nasdaq filed a form with the SEC to amend options position and exercise limit rules for certain crypto assets [1]. - The proposed rule change aims to eliminate the previous 25,000 position and exercise limit restrictions for options on crypto ETFs [3]. - Nasdaq is requesting immediate effectiveness of the proposal, asking the SEC to waive the standard 30-day delay [4]. Group 2: Impact on Crypto ETFs - If approved, the rule change will affect various crypto funds, including those linked to Bitcoin and Ethereum launched by major asset managers like BlackRock and Fidelity [2]. - As of January 22, spot Bitcoin ETFs have total net inflows of $56.6 billion, while spot Ether ETFs have $12.34 billion in inflows [4]. Group 3: Market Implications - Nasdaq believes the change will promote "just" and "equitable" trading principles, eliminate discrimination, and foster a free and open market [3]. - The exchange asserts that the proposal does not impose significant burdens on competition and aims to protect investors [4].

⚡️ LATEST: Bitwise debuts $BPRO on the NYSE, blending Bitcoin, gold, and mining stocks to hedge currency debasement. https://t.co/MhSKSrK2Nn ...

Group 1 - Investors withdrew a net $1.62 billion from U.S. spot Bitcoin exchange-traded funds (ETFs) over four trading days, marking one of the largest periods of net redemptions since early 2024 [1][2] - The outflows began with a $394.68 million withdrawal last Friday, followed by $483.38 million on Tuesday and $708.71 million on Wednesday, concluding with $32.11 million on Thursday [2] - The decline in institutional appetite is reflected in the Bitcoin basis trade yield, which has dropped to below 5% from 17% a year ago, indicating reduced profitability for this trading strategy [3] Group 2 - The sustained outflows from liquid crypto ETPs suggest that hedge funds are retreating from the basis trade due to decreased profitability, which can lead to rapid capital exits [4] - The macroeconomic environment has turned risk-off, with the S&P 500 index dropping nearly 54 points and Bitcoin failing to maintain momentum above $97,000, currently trading at $89,500, down 5.4% on the week [5] - Investor sentiment is increasingly bearish, with a prediction market indicating a 30% chance of Bitcoin crashing to $69,000, up from 11.6% the previous week, reflecting a broader pullback from risk across institutional portfolios [6]

Core Insights - The article discusses the increasing geopolitical tensions and rising government debt levels in various nations, which are influencing investment strategies in digital assets [1] Group 1: Company Insights - Bitwise, a digital assets investment firm, is adapting its strategies in response to the current geopolitical climate and economic conditions [1] - Proficio Capital Partners, a division of a Florida-based multi-family office, is also adjusting its investment approach to navigate the challenges posed by rising government debt [1]