ChainCatcher news, according to monitoring data from Arkham, about eight hours ago, 1,294 ETH flowed out from the Bitwise Ethereum trading fund ETHW ETF to an address starting with 0xed1a, worth 3.16 million dollars; historical trading shows that the outflow of the Bitwise Ethereum ETF has reached 3,517.714 ETH this week, flowing into trading platforms such as Kraken and B2C2 Group.

ChainCatcher news, according to The Block, Bitwise CIO Matt Hougan stated that the three conditions necessary for Bitcoin to rebound to over $80,000 in the fourth quarter are the results of the U.S. elections, the economic situation, and no major surprises in the crypto industry. However, to "fully rise" to $100,000 in just a few months, a broader cryptocurrency rebound is needed to boost market sentiment. By the end of 2023, Bitwise predicts that Bitcoin will double from its then price of $42,400, reaching over $80,000 by the end of this year, with the approval of a U.S. spot Bitcoin ETF and Bitcoin's fourth halving event as catalysts.In a memo to clients on Wednesday, Hougan maintained this prediction, stating that the ideal election outcome is to avoid a complete Democratic victory. He believes that a Republican win would be beneficial for the crypto industry, but there are mixed attitudes towards cryptocurrencies within the Democratic Party. Current prediction markets show a 53% chance of Trump winning. Economically, Hougan suggests that two rate cuts totaling 50 basis points are needed before the end of the year, along with additional fiscal stimulus from China. He emphasized that people's trust in Bitcoin stems from distrust in government monetary management. Additionally, the crypto industry needs to remain stable, avoiding major hacks, lawsuits, or sudden influxes of locked coins into the market.

ChainCatcher news, Matt Hougan, the Chief Information Officer of the cryptocurrency asset management company Bitwise, stated that the three main factors influencing the possibility of Bitcoin "rising" to $80,000 this quarter are the results of the U.S. election, the economy, and no significant surprises in the cryptocurrency industry.By the end of 2023, Bitwise predicts that the price of Bitcoin will double from the then-current $42,400, reaching over $80,000 by the end of this year, noting that the approval of a U.S. spot Bitcoin exchange-traded fund and Bitcoin's fourth halving event are catalysts.

ChainCatcher news, according to Coindesk, Bitwise announced on Friday the launch of the Bitwise Trendwise Bitcoin and Treasury Rotation Strategy ETF (BITC). This fund combines the Bitwise Bitcoin Strategy Optm Roll ETF (BITC), Bitwise Ethereum Strategy ETF (AETH), and Bitwise Bitcoin and Eth Eq Wgh Str ETF (BTOP).Bitwise stated in a press release that the spot Bitcoin and Ethereum ETFs launched earlier this year have made futures-based crypto funds less attractive for investors seeking long-term capital appreciation. With the new fund, asset managers can rotate between 100% exposure to crypto futures contracts and 100% exposure to U.S. Treasuries based on market trends, allowing for better management of crypto market volatility.Bitwise is converting its three futures-based ETFs into a single ETF, with the conversion expected to take place on December 3.

ChainCatcher news, according to monitoring data from Arkham, about 13 hours ago, the Bitwise spot Bitcoin exchange-traded fund BITB Bitcoin ETF transferred 1001 BTC to an unknown address starting with bc1q5, worth approximately 60.15 million dollars.

ChainCatcher news, according to FOX Business, ETF issuer Bitwise has submitted an S-1 application for an XRP spot ETF to the SEC.

ChainCatcher news, a spokesperson for Bitwise confirmed to Cointelegraph that Bitwise has submitted an XRP ETF application, which has been officially filed on the Delaware state government website. According to the application, the Bitwise XRP ETF is set to launch on September 30, 2024. The registered agent is listed as CSC Delaware Trust Company, headquartered in Wilmington, Delaware.It is reported that submitting the application in Delaware does not necessarily mean that a registration application will soon be submitted to the U.S. Securities and Exchange Commission (SEC). This step may be part of early preparations, and formally submitting the application to the SEC could take several months.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan posted on X platform: "We need a stablecoin asset management scale to exceed $1 trillion by the end of 2026 for Polymarket."

ChainCatcher news, according to CryptoSlate, based on the latest regulatory documents, the U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Ethereum spot ETF options trading applications from BlackRock and Bitwise, with the new deadlines set for November 10 and November 11, respectively. The SEC stated that it needs more time to consider the proposal and has extended the initial 45-day review period.According to previous reports, the SEC has approved the listing and trading of BlackRock's Bitcoin spot ETF (iShares Bitcoin Trust, referred to as IBIT) options.

ChainCatcher news, according to Arkham monitoring, FalconX transferred approximately 239.705 BTC, worth about 15.19 million USD, to the Bitwise Bitcoin ETF yesterday, after which Bitwise transferred the funds to another address.In addition, about 14 hours ago, Wintermute made a small BTC transfer of only 1 USD to the Bitwise Bitcoin ETF address.

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that an increasing number of top financial advisors are allocating cryptocurrency assets in their personal investment portfolios.At the Barron's Advisor 100 Summit held in Florida last week, Hougan mentioned that about 70% of advisors own Bitcoin or other cryptocurrency assets, while in the previous two years, this figure was only 10%-20%.Although many advisors' client accounts have not yet allocated Bitcoin, Hougan predicts that as advisors increase their personal allocations, client investments will follow closely behind, potentially seeing significant changes within 6 to 12 months. He believes this is an important signal of the financial industry's growing acceptance of cryptocurrency.

ChainCatcher news, Bitwise Alpha strategy head Jeff Park posted on the X platform stating that "the SEC's approval of BlackRock's Bitcoin spot ETF options trading" will lead to an explosive rise in Bitcoin. Jeff Park believes that the market is about to witness the most incredible "volatility" in financial history, which deserves further explanation. Contributing factors include several characteristics of Bitcoin, the nature of the regulated options market, and the powerful combination of the two.He believes that "the SEC's approval of BlackRock's Bitcoin spot ETF options trading" marks the greatest advancement that the cryptocurrency market could achieve. The nominal value of Bitcoin will be partially "banked" for the first time through ETF options. While the limited non-custodial supply of Bitcoin is its greatest advantage, it also serves as a drag, limiting the ability to create synthetic leverage. Now, Bitcoin will have a regulated market for the first time, with the U.S. Commodity Futures Trading Commission protecting clearing members from counterparty risk. This means that Bitcoin's synthetic nominal exposure can grow exponentially.Additionally, Bitcoin has unique volatility characteristics; when the spot price rises, volatility also increases, which means that the delta increases at a faster rate. When short gamma traders hedge (during gamma squeezes, Bitcoin's situation can become explosively recursive. Short sellers will be forced to continue buying at higher prices, and more buying will lead to more increases). Negative vanna gamma squeezes can cause Bitcoin prices to soar like a rocket.In summary, the Bitcoin ETF options market is the first time the financial world has seen regulated leverage applied to a truly supply-constrained permanent commodity. Things could get crazy, crazy enough that the regulated market might be forced to shut down. But the extraordinary aspect of Bitcoin is that there will always be a parallel, decentralized market that cannot be shut down, unlike stocks.

ChainCatcher news, according to Arkham monitoring, about 3 hours ago, the Bitwise Bitcoin spot ETF BITB received 163.437 BTC from an address with no clear label, worth approximately 10.36 million dollars, and then transferred these funds to another address under its control.

ChainCatcher news, according to The Block, Bitwise Chief Information Officer Matt Hougan stated that ETH now seems to be overlooked, but as the year comes to a close, its poor price performance may see a reversal.The report suggests that ETH's recent poor performance is attributed to risks associated with the November U.S. presidential election, increased competition from Solana and other blockchains, challenges in token economics, and mixed reactions to the U.S. launching spot trading platform exchange-traded funds (ETFs).Hougan pointed out that as the November election approaches and regulatory clarity improves, the market may reassess Ethereum. Currently, by the end of this year, Ethereum appears to be a potential contrarian investment choice.

ChainCatcher news, according to Arkham monitoring, about 21 hours ago, the FalconX hot wallet marked address transferred 150 BTC, approximately 8.81 million USD, to the Bitwise spot Bitcoin exchange-traded fund BITB Bitcoin ETF address, after which Bitwise transferred the funds to another address of its ETF.

ChainCatcher news, according to The Block, Bitwise's Head of Research for Europe, André Dragosch, stated: "If the Federal Reserve cuts rates by 50 basis points, the reaction in the crypto market could be positive, as this particular leading indicator has already shown that potential economic momentum in September may even have accelerated. I believe that in the coming months, the market will be driven more by expectations of rate cuts rather than the cuts themselves. Given the weakness of the U.S. economy and the impending recession, expectations for further rate cuts may intensify, and we anticipate this will have a net positive effect on Bitcoin and crypto assets."

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan expects a significant rise in cryptocurrency after the current macro uncertainty begins to dissipate in October and November.At this stage, although the market generally believes that the Federal Reserve will cut interest rates, the likelihood of a 50 basis point cut in September has decreased. However, with Wednesday's CPI data and next week's key Federal Reserve meeting approaching, the possibility of a cut exceeding 125 basis points by December has increased.

ChainCatcher news, according to Arkham data, the Bitwise spot Bitcoin exchange-traded fund BITB transferred 266.82 BTC, worth approximately 15.24 million USD, to an unmarked address 4 hours ago.In addition, a Nonco marked address transferred 789.171 ETH, worth approximately 1.84 million USD, to the Bitwise ETHW address about five minutes ago.