Browsing: Bitwise

The cryptocurrency market can continue to grow even without the adoption of the CLARITY Act, according to Bitwise’s Chief Investment Officer Matt Hougan. He reassessed the impact of the bill’s failure in the U.S. Senate.

Bitwise Chief Investment Officer Matt Hougan said that the CLARITY Act’s collapse in the U.S. Senate will likely have a smaller impact on the crypto market than investors’ initial reaction suggests. He called it a “speed bump, not a road closure.”

Bitwise CIO Matt Hougan stated that the upward trend in Bitcoin’s price could continue as long as debt-related concerns do not ease. Hougan supported his assessment with a chart he shared on social media platform X, highlighting the relationship between market developments and Bitcoin’s performance.

Anyone tracking dogecoin news this week knows the mood just changed. Bitwise said on September 10 that it will close its Dogecoin ETF (BWOW). The fund lasted less than a year and held just $722,000. At the same time, whale wallets hold a record 108.52 billion DOGE worth close to $10 billion per Santiment.

The dogecoin news today tells a story most DOGE holders did not expect. Bitwise closed its Dogecoin ETF on September 10 after just 10 months, with only $722,000 left in the fund, per Yahoo Finance. The ETF opened with $3 million in first week volume and ended with less money than a small savings account.