| Ticker | Direction | Speaker | Thesis | Time |
|---|---|---|---|---|
| LONG |
Will Rhind
Founder and CEO, GraniteShares |
Investors are moving away from plain vanilla spot exposure toward "derivative adjacent" products. In a volatile or flat market, investors demand utility from their holdings. They are seeking "Yield Boost" strategies (selling options for income) or "Buffer" strategies (downside protection) to manage risk while staying invested. Increasing popularity of GraniteShares' yield boost family and similar products across the industry. Capped upside in exchange for yield/protection; complexity of derivative strategies. | — | |
| LONG |
Will Rhind
Founder and CEO, GraniteShares |
Gold has broken out to $5,000/oz, hitting all-time highs while crypto collapses. The "Safe Haven" rotation. Investors are fleeing risk and seeking true stores of value. The correlation between Bitcoin and Gold has broken, with capital favoring physical gold as the reliable hedge in this cycle. Gold at $5,000 vs. Bitcoin down 50%. Overbought conditions in gold; a potential mean reversion if risk-on sentiment returns. | 2:06 | |
| LONG |
Matt Hougan
CIO, Bitwise Asset Management |
Financial advisors are buying the current 50% drawdown, viewing it as a standard cyclical correction rather than a systemic failure. The selling pressure is coming from "fast money" (hedge funds) and "OGs" taking profit, not the core ETF investor base. Historically, Bitcoin has retraced 77-85% in winters; the current 50% drop suggests ETFs are actually buoying the price. If the market stabilizes here, it signals a bottom. Bitwise advisor accounts showed significant net inflows last week (counter-trend to the price action). If this turns into a full "Crypto Winter" like 2018/2022, prices could drop significantly further before bottoming. | 0:41 | |
| LONG |
Matt Hougan
CIO, Bitwise Asset Management |
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. | 8:27 | |
| LONG |
Matt Hougan
CIO, Bitwise Asset Management |
Bitwise is seeing strong inflows into their Solana staking ETF (Ticker: BOL) compared to Ethereum products. The "Yield Spread" argument. Solana offers a ~7% staking yield, whereas Ethereum offers only ~2%. For investors, a 7% yield is a meaningful differentiator that cushions volatility, while 2% is negligible when the underlying asset swings 50%. Inflows into BOL are outperforming despite the market slide. Solana price volatility overwhelming the 7% yield; regulatory changes to staking rewards. | — |