BITQ News and Press, Bitwise Crypto Industry Innovators ETF From 02/05/23

Summary Bitcoin’s 30-day volatility plunged below that of the S&P 500 Index’s in early January, as both buyers and sellers looked elsewhere amidst declining liquidity. The lack of a Bitcoin spot ETF serves as a powerful symbol from U.S. regulators that the asset is not...

Summary Crypto prices were in the high $60,000 range in 4Q21 and have seen pressure throughout most of 2022, averaging just under $30,000 for the year. In the crypto mining space, several other factors contributed to the rally. Much like the relationship of gold mining companies to the ...

Summary Much of Wall Street will be taking off this week. It will be a week filled with lots of economic readings. There will be no earnings and no Fed speak. By Ed Moya US Thin trading conditions could persist as much of Wall Street will be taking off th...

Summary The bump in the terminal rate to 5.1%, as per the consensus dot plots in the last FOMC meeting, was not accompanied by a similar sell-off in the Fed funds futures that would reflect a higher terminal Fed funds rate being priced in. The ECB and the BOE also talk the same game pla...

Summary The allegations against FTX are that it lent out customer assets for risky activities. If this sounds familiar, it’s because it’s a move we have seen before in recent months with other bankruptcies. Most cryptocurrency values have been down significantly in t...

Summary The fact that pension funds have allocated significant member capital to this madness reveals a dereliction of duty and the speculative madness that was. From March 2020 through March 2022, some 40% of purchases in Canada and the US were bought as second homes for investme...

Summary Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expecting a unanimous vote for one last major rate increase. Inflation has hit double-digits and remains the ECB’s numbe...

Summary Crypto regulation has been widely discussed as one of the necessary steps for the digital asset market to mature and become truly mainstream. While mature industries often fear regulations because they believe they may stifle innovation, many crypto advocates are looking f...

Summary Sentiment, positioning, network activity, network growth and other on-chain indicators continue to trend favourably and appear positive for the long-term outlook for crypto and digital assets. Bitcoin miners currently pose meaningful downside risk to crypto markets, given ...

Summary Digital assets are a new and distinct asset class that, despite considerable volatility, is rapidly maturing. To analyse digital assets, we apply the lens of traditional finance (“TradFi”). By combining this framework - informed by decades of experience in eq...