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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin dips into the $65,000 level to end the week: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Matthew Hougan, chief investment officer at Bitwise Asset Management, discusses regulatory advancements in crypto, spot ether ETFs and more from Coinbase's State of Crypto Summit in New York City.

Persons: explainers, Matthew Hougan Organizations: CNBC Crypto, CNBC, Bitwise Asset Management, Crypto Locations: Coinbase's State, New York City

☆ Spot bitcoin ETF approval 'huge game changer' for the industry: Bitwise CCO
▼ + stars: | 2024-05-31 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpot bitcoin ETF approval 'huge game changer' for the industry: Bitwise CCOKatherine Dowling, general counsel & chief compliance officer at Bitwise Asset Management, discusses crypto ETFs and recent progress on digital asset legislation from Consensus 2024.

Persons: Bitwise CCO Katherine Dowling Organizations: Bitwise Asset Management

☆ BlackRock's IBIT becomes largest spot bitcoin ETF, surpassing Grayscale's GBTC: CNBC Crypto World
▼ + stars: | 2024-05-30 | by ( Jordan Smith | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock's IBIT becomes largest spot bitcoin ETF, surpassing Grayscale's GBTC: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Lynn Martin, president of NYSE Group, explains a new collaboration with CoinDesk Indices and Katherine Dowling, general counsel & CCO at Bitwise Asset Management, discusses crypto ETFs from Consensus 2024.

Persons: Grayscale's, explainers, Lynn Martin, Katherine Dowling Organizations: Grayscale's GBTC, CNBC Crypto, CNBC, NYSE Group, CoinDesk, Bitwise Asset Management

☆ Here's how Coinbase would benefit from U.S. ether ETFs if approved, according to JMP
▼ + stars: | 2024-05-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Coinbase is poised to benefit from U.S. spot ether exchange-traded funds, if they are approved, according to JMP Securities. The turnaround sent ether soaring more than 20% to start the week. ETH.CM= 5D mountain Ether 5-day chart JMP's Devin Ryan said in a note Wednesday that Coinbase could see benefits to its transaction, custody and staking businesses as a result of the introduction of ether ETFs. He also said an ether ETF approval does not necessarily signal a blessing by the SEC of the broader crypto asset class, or even comfort around all ETH use cases, such as staking. JMP has an outperform rating on Coinbase and a price target of $320, implying nearly 42% upside from Tuesday's close.

Persons: Coinbase, Devin Ryan, Ryan, JMP Organizations: JMP Securities, U.S . Securities, Exchange Commission, SEC, Fidelity, Management Locations: Base, BlackRock

☆ Ether extends its rally following 20% surge on renewed ether ETF optimism
▼ + stars: | 2024-05-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission's decisions on spot ether exchange-traded funds applications, the first of which is due this week. Ether led the rally, rising 9% to $3,680.98, according to Coin Metrics. Investors are reconsidering the probability that the SEC greenlights spot ether ETF applications amid reports that the SEC has requested document updates from potential ETF issuers and exchanges. Final decisions on applications by VanEck and Ark Invest are due this Thursday and Friday, respectively. BlackRock, Fidelity, Invesco, Grayscale and Bitwise Asset Management also have applications awaiting decisions this year.

Persons: Cryptocurrencies, Ether, bitcoin, Robinhood, Bartosz Lipiński Organizations: U.S . Securities, Exchange, Metrics, Marathon, Energy, SEC, Cube Exchange, Fidelity, Management Locations: BlackRock

☆ No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month
▼ + stars: | 2024-05-18 | by ( Emily Glass | ) www.cnbc.com time to read: +2 min

The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. Edelman, an investor and personal finance author, thinks there needs to be an emphasis on regulations to protect people from crypto scams. We've seen the bitcoin ETFs come to market. We've seen the great things they've done for investors — lowering costs, improving regulation, improving sort of safety, security and peace of mind.," Hougan said. The two ether ETF proposals, submitted by VanEck and ARK Investments/21Shares, are set to be approved or denied this month.

Persons: Ric Edelman, Edelman, CNBC's, Gary, Gensler, Matt Hougan, Bitwise, We've, Hougan, VanEck Organizations: U.S . Securities, Exchange, Digital Assets, Financial Professionals, SEC, ARK Investments

☆ Bitcoin prices will rally substantially after this week's halving, says Bitwise CIO Matt Hougan
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin prices will rally substantially after this week's halving, says Bitwise CIO Matt HouganMatt Hougan, Bitwise Asset Management CIO, joins 'Squawk Box' to discuss the impact of the expected bitcoin halving this week, whether bitcoin can be considered a store of value, what to make of the recent volatility, and more.

Persons: Matt Hougan Matt Hougan Organizations: Bitwise, Management

☆ Bitcoin may start to lose its reputation as a volatile asset. Here's why
▼ + stars: | 2024-03-16 | by ( Meredith Mutter | ) www.cnbc.com time to read: +2 min

Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management's Matt Hougan, the cryptocurrency's wild price swings have come down substantially over the past decade. "What's driving the bitcoin market right now is a simple demand-supply imbalance," the firm's chief investment officer told CNBC's "ETF Edge" on Monday. While Bitwise is betting on bitcoin's growth, ProShares has an ETF looking to profit from losses with its Short Bitcoin Strategy ETF . Hyman's ProShares also operates a long-bitcoin ETF: ProShares Bitcoin Strategy ETF.

Persons: Matt Hougan, CNBC's, Bitcoin, Hougan, Mark Twain, Simeon Hyman, Hyman, bitcoin Organizations: CNBC

☆ ETF Edge: How spot bitcoin ETF landscape is shaping up
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge: How spot bitcoin ETF landscape is shaping upMatt Hougan, Bitwise Asset Management CIO, joins CNBC's Bob Pisani on the 'Halftime Report' to discuss spot bitcoin ETF adoption and the new flow of interest into the space.

Persons: Matt Hougan, Bob Pisani Organizations: Bitwise, Management

☆ Bitcoin jumps above $60,000 for the first time since November 2021
▼ + stars: | 2024-02-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The price of the flagship cryptocurrency was last higher by 6% at $60,391.10, according to Coin Metrics. Bitcoin has soared more than 18% this week alone, after a week-long pause of this year's rally. "The economics of bitcoin dictate that it should continue to drive higher." Specifically, the halving, an event mandated in the Bitcoin code, reduces the bitcoin mining reward by half in order to limit the supply. "Institutional capital is still getting up to speed with bitcoin ETFs – platform approvals, advisor education, client education – I expect a lot more demand is still under the surface and yet to be seen."

Persons: cryptocurrency, It's, Bitcoin, We've, it's, Joel Kruger, Ryan Rasmussen, Rasmussen Organizations: Metrics, LMAX, Bitwise Asset

☆ Bitcoin firm MicroStrategy pops 27% in two days as company's crypto stake hits $11 billion
▼ + stars: | 2024-02-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

In this article MSTR Follow your favorite stocks CREATE FREE ACCOUNTMicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. MicroStrategy, along with its subsidiaries, now owns about 193,000 bitcoins worth $11 billion. watch nowInvestors have been increasingly bullish on the bitcoin trade following the SEC's approval of multiple spot bitcoin exchange-traded funds last month. "Institutional capital is still getting up to speed with bitcoin ETFs. For example, MicroStrategy has the ability to acquire bitcoin using proceeds from debt and equity issuances, the firm said.

Persons: Michael Saylor, Joe Raedle, MicroStategy, Andrew King, bitcoin, Bitcoin, Ryan Rasmussen, —, MicroStrategy, Cowen, CNBC's Dylan Butts, Ari Levy Organizations: Mana Convention, Getty, Bitwise Asset Management, Research, Benchmark Locations: Wynwood, Miami , Florida, bitcoin, Bitcoin

☆ Bitcoin resumes its rally, ripping through $54,000 for the first time since December 2021
▼ + stars: | 2024-02-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. At its session high, bitcoin hit $54,965.26 and reached its highest level since December 2021. "Today is settlement day for bitcoin futures, which is contributing to the price jump we're seeing," said Ryan Rasmussen, analyst at Bitwise Asset Management. "We're approaching the window where we typically see traders positioning themselves ahead of the bitcoin halving, which will happen in the second half of April. Bitcoin traded flat in the week leading up to Monday, when the breakout began, and put it on track for a 27% monthly gain.

Persons: cryptocurrency, bitcoin, Ryan Rasmussen, Ether, Solana, Polygon's, Microstrategy, Bitcoin, Owen Lau, Oppenheimer, JPMorgan's Nikolaos Panigirtzoglou Organizations: Metrics, Bitwise Asset Management, JPMorgan, CNBC PRO Locations: —

☆ Bitwise's Matt Hougan and DACFP's Ric Edelman on the growing adoption of spot bitcoin ETFs
▼ + stars: | 2024-02-14 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitwise's Matt Hougan and DACFP's Ric Edelman on the growing adoption of spot bitcoin ETFsMatt Hougan, CIO at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, join CNBC's Bob Pisani at the Exchange ETF conference in Miami Beach to discuss the growing adoption of spot bitcoin ETFs and where they fit in a diversified investment portfolio.

Persons: Matt Hougan, DACFP's Ric Edelman, Ric Edelman, Bob Pisani Organizations: Asset Management, Digital Assets, Financial Professionals, Exchange ETF Locations: Miami Beach

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin retreats from $50,000 after hotter-than-expected inflation data: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Matt Hougan, CIO at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, discuss the growing adoption of spot bitcoin ETFs among investment advisors.

Persons: explainers, Matt Hougan, Ric Edelman Organizations: CNBC Crypto, CNBC, Asset Management, Digital Assets, Financial Professionals

☆ Bitcoin ETFs could open floodgates to $30 trillion wealth management market
▼ + stars: | 2024-01-13 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

SEC Chair Gary Gensler continues to issue stern warnings when it comes to crypto investments, but that's not holding back activity. For the $30 trillion advised wealth management industry, the floodgates could be about to open. "For the vast majority of people, a low-cost bitcoin ETF is going to be the easiest way to do that," Hougan said. According to data from Robinhood , 81% of bitcoin ETF trading volume in the first week was in individual accounts, with the rest in retirement accounts. In a report on its website in October, Galaxy Digital said the "strongest marginal improvement" occurred when portfolios moved from a 0% to 1% bitcoin allocation.

Persons: Gary Gensler, that's, Jan van Eck, Anthony Pompliano, Pompliano, Matt Hougan, wirehouses, they've, Hougan, WisdomTree, bitcoin, Matt Walsh, Walsh Organizations: Securities and Exchange Commission, SEC, Investments, Chartered, Fund, Management, VettaFi, CFA, Investor Trust, Galaxy Digital, Fidelity, Island Ventures, Fidelity Investments Locations: U.S, Robinhood

☆ Bitcoin finishes November strong as investors enter a waiting period in the final month of 2023
▼ + stars: | 2023-12-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

November was perhaps the most significant month of this year for the crypto industry and gave bitcoin a strong setup as investors look toward 2024. "It's safe to say that the market is grinding higher in anticipation of a spot bitcoin ETF approval in January," said Ryan Rasmussen, research analyst at Bitwise Asset Management. "Some investors will continue trying to front-run the potential spot bitcoin ETF approval, but December is essentially a 'wait and see' period for bitcoin," he said. November is a historically strong month for bitcoin. "It tells us that investors are interested in more than just the potential for a spot bitcoin ETF.

Persons: Bitcoin, FTX's, Sam Bankman, Fried, Ryan Rasmussen, There's, CoinGlass, Rasmussen Organizations: Metrics, Investors, Binance, U.S . Department of Justice, Bitwise Asset Management, U.S . Securities, Exchange Commission, Wolfe Research Locations: altcoins

☆ Altcoins are finally joining the current bitcoin rally as crypto investors turn risk-on
▼ + stars: | 2023-11-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Altcoins were in rally mode this week after lagging bitcoin in its recent climb to new 2023 highs. Bitcoin and ether have been separate from this trend recently, with more investors appearing to treat them as a safety trade compared to smaller, riskier altcoins. "Historically we've seen bitcoin rally, then Ethereum, then alts, and that pattern seems to be repeating as this bull market heats up," he said. "We see as a more likely scenario existing capital shifting from existing bitcoin products such as the Grayscale bitcoin trust, bitcoin futures ETFs and publicly listed bitcoin mining companies, into the newly-approved spot bitcoin ETFs," he said. He also said that bitcoin ETFs already exist in Canada and Europe but haven't garnered much interest from investors since their inception.

Persons: Altcoins, bitcoin, Polygon's, Bitcoin, Rob Ginsberg, Ginsberg, altcoins, – it's, It's, Ryan Rasmussen, Mike Novogratz, JPMorgan's Nikolaos Panigirtzoglou, haven't, Panigirtzoglou, — CNBC's Michael Bloom Organizations: Solana, ADA, ETH, Wolfe Research, Treasury, Bitwise Asset Management, Galaxy Digital, JPMorgan Locations: Canada, Europe

The company logo for Bitwise Asset Management is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 9 (Reuters) - U.S. authorities on Thursday charged the co-founders of private technology startup Bitwise Industries for their roles in a $100 million fraud scheme, according to federal prosecutors and the Securities and Exchange Commission. Bitwise filed for bankruptcy protection in June. Hundreds of BitWise employees lost their jobs in May 2023 when the scheme was exposed, according to the U.S. Securities and Exchange Commission, which filed civil charges against the co-CEOs on Thursday in federal court in California. Reporting by Chris Prentice; Additional reporting by Nate Raymond; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Irma Olguin Jr, Jake Soberal, Bitwise, Olguin, Chris Prentice, Nate Raymond, Daniel Wallis Organizations: Bitwise Asset, New York Stock Exchange, REUTERS, Industries, Securities and Exchange Commission, Eastern, U.S . Securities, Exchange Commission, SEC, Thomson Locations: New York City, U.S, Eastern District, California

☆ Bitcoin on the rise: Here's what you need to know
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin on the rise: Here's what you need to knowRyan Rasmussen, analyst at Bitwise Asset Management, and CNBC's Tanaya Macheel join 'Power Lunch' to discuss the crypto comeback.

Persons: Ryan Rasmussen, Macheel Organizations: Bitwise Asset Management

☆ Bitcoin crosses $34,000 to the highest since May 2022 on ETF hopes
▼ + stars: | 2023-10-24 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The price of bitcoin breached the $34,000 level to hit its highest since May last year, bolstered by positive sentiment about a bitcoin exchange-traded fund. Ether , the second-biggest digital coin, surged to its highest since August, according to Coin Metrics data. Anticipation of a bitcoin ETF grew after the court ruled in favor of crypto-focused asset manager Grayscale over the U.S. Securities and Exchange Commission in its bid to turn its huge Grayscale Bitcoin Trust (GBTC) bitcoin fund into an ETF. A bitcoin ETF would give investors a way to gain exposure to bitcoin's price movements without owning the cryptocurrency directly. Bitcoin is considered a highly volatile asset, and its price fluctuations are unpredictable.

Persons: Ryan Rasmussen, Rasmussen, Bitcoin Organizations: Metrics, Bitwise Asset Management, U.S . Securities, Exchange Commission, SEC

☆ Investors sit out ether futures ETFs as spot bitcoin fund hangs in limbo
▼ + stars: | 2023-10-12 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Investor appetite for ether futures exchange-traded funds has remained muted, despite a surge in new listings. Six new ether futures funds from Bitwise Asset Management, ProShares and VanEck launched on Oct. 2. "Frankly, bitcoin was doing fabulous at the time in 2021 and a lot of folks really didn't understand exactly what that fund was, being bitcoin futures. The six ether futures funds that debuted Oct. 2 attracted just $1.92 million collectively on their first day of trading, according to LSEG. "The absence of a spot bitcoin ETF isn't stopping people from buying crypto.

Persons: VanEck, Ric Edelman, Bob Pisani, Edelman, bitcoin, — Organizations: Bitwise Asset Management, Digital Assets, Financial Professionals, The Securities, Exchange Commission, SEC Locations: CNBC's

☆ Bitwise launches Ether-themed ETFs: AETH, BTOP start trading today
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitwise launches Ether-themed ETFs: AETH, BTOP start trading todayMatt Hougan, Bitwise Asset Management CIO, joins 'Squawk Box' to discuss two new Ethereum themed ETFs that will start trading today, what it means for the status of spot Bitcoin ETFs, and more.

Persons: Matt Hougan Organizations: Bitwise, Management

☆ Altcoin trading volume is off its first-half highs. Here's what it will take to get it back
▼ + stars: | 2023-09-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Altcoin trading is limping along, despite initially getting a boost from a key July court ruling that gave Ripple a partial victory over the Securities and Exchange Commission. However, this is not a strong enough narrative to take over the broader theme of deterioration in crypto market structure, said Park added. "This has serious implications for altcoin trading, as the shift in focus to alternatives like FDUSD or TUSD has created a bottleneck for pairs trading that is often how altcoin liquidity is gauged and accessed," he added. "At its peak, there were over 300 BUSD trading pairs and the number is steadily decreasing as BUSD is ceasing its operations." Wolfe Research's Rob Ginsberg noted this week that weak price action and low trading volume largely define the trading of altcoins in the current market.

Persons: —, Jeff Park, Glassnode, altcoins, Binance Launchpad, Stablecoins, CryptoQuant, Changpeng Zhao, Wolfe, Rob Ginsberg, Seasonality, Crypto, Dessislava Aubert, Michael Bloom Organizations: Securities and Exchange Commission, Bitwise Asset Management, SEC, Polygon, CNBC, Binance, BTC Locations: Solana, New York, BUSD's, altcoins, China

☆ Grayscale's win against the SEC may lead to a bitcoin ETF by year-end, Bitwise's Matt Hougan
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrayscale's win against the SEC may lead to a bitcoin ETF by year-end, Bitwise's Matt HouganMatt Hougan, chief investment officer at Bitwise Asset Management, joins 'Halftime Report' to discuss the SEC's response to Grayscale winning its SPOT Bitcoin ETF appeal, the timeframe for bringing crypto ETFs to market, and more.

Persons: Bitwise's Matt Hougan Matt Hougan Organizations: SEC, Bitwise Asset Management

☆ A spot bitcoin ETF is much closer to reality, but investors aren't quite there yet
▼ + stars: | 2023-08-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The court simply said that the SEC has erred in approving one ETF (bitcoin futures) and not approving another (spot bitcoin). 1) Approve all or some of the nine applications for a spot bitcoin ETF as soon as possible. Applicants for a spot bitcoin ETFGrayscale Bitcoin TrustArk/21 Shares Bitcoin TrustBitwise Bitcoin ETF TrustBlackRock Bitcoin ETF TrustVanEck Bitcoin TrustWisdomTree Bitcoin TrustValkyrie Bitcoin FundInvesco Galaxy Bitcoin ETFFidelity Wise Origin Bitcoin Trust2) Delay as long as the law allows. Even assuming a spot bitcoin ETF is coming, it doesn't mean Grayscale can necessarily jump the line. Note: Matt Hougan Chief Investment, Officer for Bitwise Asset Management, one of the applicants for a spot bitcoin ETF, will appear on ETF Edge on Halftime Report Wednesday.

Persons: Gary Gensler, Who's, Matt, Craig Salm, Grayscale's, Jeremy I, VedderPrice Organizations: Appeals, Federal Circuit, Washington , D.C, SEC, U.S, BlackRock, Fidelity, Bitcoin, Federal Register, Investment, Bitwise Asset Management, Edge Locations: Washington ,

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