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Feb 12
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$42.73
$43.33
+1.4%
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LONG
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Jennifer Ilq
President, ICE Futures US
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ICE is launching futures on the CoinDesk 5 and CoinDesk 20 indices. ProShares and Grayscale have products tied to these indices. Institutions prefer diversified exposure (similar to MSCI Emerging Markets) over single-stock picking. The creation of futures on these indices allows institutions to hedge broad crypto exposure, facilitating the creation of larger, more liquid ETFs (like the mentioned ProShares/Grayscale products). LONG the index products (or proxies like BITW/Grayscale funds) as they become the default vehicle for passive institutional allocation. Correlation breakdown among index components. |
CoinDesk
ICE Goes Live With Futures Tied to CoinDesk I...
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Feb 10
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$44.81
$43.33
-3.3%
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LONG
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Matt Hougan
CIO, Bitwise Asset Management
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Hougan predicts a migration from single-asset exposure (holding just Bitcoin or Ethereum) to diversified index funds. As the asset class matures, crypto will follow the trajectory of equities and bonds, where the vast majority of capital sits in broad indexes (like the S&P 500) rather than individual stock picks. Investors will want to capture the whole market rather than guessing winners. Bitwise is seeing interest in their index fund (BITW) despite the broader market downturn. Continued correlation where all crypto assets fall together during bear markets. |
CNBC
ETF Edge on how bitcoin’s 2026 slide is throw...
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Feb 10
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$44.81
$43.33
-3.3%
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LONG
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Matt Hougan
CIO, Bitwise Asset Management
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The crypto market is maturing and will follow the trajectory of equities and bonds, where the vast majority of capital sits in diversified index funds rather than single-asset products. Investors will eventually migrate away from picking single winners (like just holding BTC or ETH) toward broad-market exposure to capture the entire asset class growth. Bitwise's BITW is cited as the largest crypto index ETF, positioning for this migration. Crypto correlation remains high; if Bitcoin fails, the index likely fails too. |
CNBC
How crypto's recent volatility impacts ETF in...
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