The Bitwise Solana Staking ETF (BSOL) has pushed its assets under management (AUM) above $1 billion. Data from The Block shows that this amount accounts for more than half of the total Solana ETF assets.

The milestone indicates sustained interest in investment products even as the Solana price remains below its peak. While BSOL shares are trading approximately 40 percent below their listing price, Solana (SOL) has also declined about 60 percent from its all-time high.

Solana ETF Inflows Reach $1.7 Billion

While total inflows in the Solana ETF category have reached $1.7 billion, the trading volume of spot Solana ETFs since launch has exceeded $13 billion. Bloomberg ETF analyst Eric Balchunas noted that despite a sharp decline in the category during the first half of the year, there has been no prolonged period of outflows.

Bitwise emphasized that the fund reaching $1 billion occurred under particularly challenging market conditions. The size of the fund demonstrates that capital flows into Solana investment products have continued despite price drops.

Institutional access to Solana also continues to expand. Charles Schwab, which manages $12 trillion in assets, is preparing to offer spot Solana trading to its clients in the coming months.

One Fund Reaches $1 Billion in Solana ETFs: Now Manages Over Half of All Assets isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Bitwise predicts that Bitcoin could reach $1.3 million within the next decade, a forecast that echoes previous targets shared by Brian Armstrong, Jack Dorsey, and Cathie Wood.

Such predictions are typically based on the assumption that Bitcoin will capture a portion of the gold market or attract trillion-dollar capital pools like global pension funds. However, these calculations often fail to sufficiently account for the opportunity cost—the yield forfeited on US Treasuries by holding money in Bitcoin.

Interest Rate Obstacles for Bitcoin’s $1.3 Million Target

The 30-year Treasury yield exceeded 5% this year, reaching its highest level since 2007. This means that every dollar held in non-yielding assets like Bitcoin misses out on a potential yield of approximately 5%. Although Bitcoin’s spot price in dollar terms rose to $126,000 in 2025, surpassing the previous cycle’s peak of around $70,000, its price adjusted for the 30-year bond yield failed to surpass the 2021 peak for the first time.

The BTC/30Y ratio has also fallen below the neckline of a three-peak head-and-shoulders pattern. This structure, where the middle peak is the highest, signals a decline when the support line between the two retracements is broken. According to a study by Thomas Bulkowski covering over 2,800 trades, the pattern has a failure rate of 19%, with an average decline of about 16% following confirmation.

This outlook doesn’t mean Bitcoin cannot rise permanently in dollar terms. However, for seven-figure price targets to materialize, the interest rate environment needs to become as supportive as it was during the 2020-21 period; the current outlook, however, is moving in the opposite direction.

Bitcoin’s $1.3 Million Target Questioned: 30-Year Treasury Yield Exceeds 5% isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Lombard has announced the details of the new yield model to be implemented for LBTC. Moving away from the existing Bitcoin staking model, the company will direct funds into a covered-call option strategy managed by Bitwise. In this method, Bitcoin will be utilized to generate additional income through the writing of options representing the right to buy at a specific price.

The new strategy will cover a maximum of 60% of the assets backing LBTC. The targeted yield rate was announced as a net 2.5% APY per year in Bitcoin. Custody services for the Bitcoin used within the strategy will be provided by Anchorage Digital Bank and Kraken Institutional.

New yield plan for LBTC begins

Lombard will initially test the implementation with a $10 million pilot program. While the pilot program is scheduled to begin the week of August 17, the target date for the full deployment of the strategy has been announced as September. In this way, the company plans to scale the new system gradually.

Lombard stated that existing LBTC holders do not need to take any action for this transition. While users are not expected to move their assets or submit a new application, the source of the yield will transition from the Babylon Bitcoin staking model to the Bitwise-managed option strategy. With this change, LBTC’s yield structure will be based on the option income generated by the strategy rather than directly on Bitcoin price movements.

Lombard Shifts LBTC Yield Source: Targets 2.5% Net Yield in Bitcoin isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Bitwise CIO Matt Hougan stated in a note published Wednesday that crypto assets other than Bitcoin are still priced lower than they should be. According to Hougan, the market has not yet fully adapted to the new model where protocols generate revenue and reflect this income back to token holders.

Hougan said the era of networks generating high economic activity but not transferring this revenue to token holders is over. He noted that in the new era, the primary metric for valuations will be revenue, just as it is for stocks and bonds. This trend, which he calls “revenue fever,” refers to protocols using fee revenue for token buybacks or burns.

Revenue and Token Burning Take Center Stage in the Crypto Market

Hougan’s most notable example was Hyperliquid. The CIO stated that the protocol generated over $800 million in annualized revenue last year and allocated approximately 99% of fee revenue to HYPE buybacks and burns, noting that $1.3 billion worth of HYPE has been burned since November 2024.

The note also mentioned that Uniswap generates approximately $100 million in annualized revenue, while Aave aims for $30 million in AAVE burns, equivalent to about 20% of its annual revenue. Pump.fun has generated $328 million in annualized revenue and burned $370 million worth of PUMP as of April 2026, while Lighter has bought back approximately 6% of LIT’s circulating supply and generates $67 million in annualized revenue.

Hougan mentioned that Solana’s SGP-0003 proposal could increase fee burns by up to 14 times, and transaction activity on Aptos nearly tripled with a 10-fold increase in gas fees. The prediction that valuations could double is based on the condition that this transformation is embraced by investors; the provided data has not been independently verified and the statement does not constitute investment advice.

Bitwise CIO Matt Hougan: Valuations of Revenue-Generating Crypto Assets Could Double isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Matt Hougan, a veteran figure in the cryptocurrency world, stated that Bitcoin will attract trillions of dollars in institutional investment over the next decade from a wide range of sources, from financial advisors to central banks. According to Hougan, this process represents the beginning of a long-term transformation that will turn Bitcoin into a mainstream financial asset. Emphasizing that institutional adoption will follow a gradual path, the expert noted that financial advisors and family offices would make large-scale allocations in the initial stage.

Signs of this shift are already visible in 13F filings submitted for spot Bitcoin ETFs and in moves by giant banks like Morgan Stanley and Wells Fargo to make Bitcoin more accessible to their clients. Over time, massive capital pools such as endowments, pension funds, and even central banks are expected to join this flow. Even a shift of just 1% of the $100 to $200 trillion in assets managed by global institutions into Bitcoin is considered sufficient to support these targets.

The Math Behind the $1.3 Million Target for Bitcoin

Hougan’s optimistic forecast is based on the assumption that Bitcoin will capture a 25% share of the expanding store of value market. Recalling that the gold market has grown from $2 trillion to $30 trillion since the ETF launch in 2004, the expert calculates that Bitcoin’s price could rise to the $1.3 million level with similar growth momentum. Stating that crypto reached $2 trillion with retail, Hougan emphasizes that the path to a $20 trillion market cap is only possible with institutional capital.

On the other hand, Hougan argues that while MicroStrategy remains the largest institutional holder with 842,138 units (BTC), it will no longer be the primary driver of market demand. Noting that the company’s advantages have weakened as spot ETFs provide a direct alternative, the expert states that for long-term investors, the real question is not finding the bottom price, but whether the peak has arrived.

Bitwise Executive Issues Massive Bitcoin Prediction: $1.3 Million by 2035 isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

One of the leading figures in the cryptocurrency market, Bitwise CIO Matt Hougan, argues that a silent but deep revolution is taking place in the world of decentralized finance (DeFi). In an interview on July 30, Hougan emphasized that DeFi projects are moving beyond being mere governance tools and that platform revenues are starting to flow directly to token holders. This change is fundamentally altering the way DeFi assets are valued while opening the doors to a new era for investors.

Hougan cites the Hyperliquid platform as the most concrete example of this transformation. Hyperliquid, which uses a massive 99 percent of its platform revenue to buy back its own token, is receiving great praise from the market. Similarly, Uniswap (UNI) is strengthening its value capture mechanisms, while Aave is moving towards a more integrated structure by eliminating the distinction between company equity and the token. Projects such as Morpho and Chainlink (LINK) are also joining this movement by improving their tokenomics structures.

A New Era in DeFi Tokens: The Shareholder Model

According to Hougan, this structural change brings DeFi tokens to a position similar to corporate shares in the traditional financial world. Now, token holders do not just vote on the project’s future; they also receive a financial share of the platform’s success. This allows tokens to become real income-generating assets rather than just speculative tools.

However, the renowned executive states that the market has not yet fully realized this critical development and has “not woken up.” Noting that many DeFi assets still remain at low valuations despite this new model, Hougan points out that balances could shift as the market begins to price in this structural change. This implies that under current market conditions, some assets are trading well below their intrinsic value.

Bitwise CIO Matt Hougan Explains the Silent Revolution in DeFi Altcoins: The Market Has Not Woken Up Yet isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

With only a few days left before the US Congress goes on recess, the crypto world’s attention has turned to the Clarity Act regulation. The Senate has only a three-day window for the bill to pass before the summer recess between August 10 and September 11. However, Bitwise Chief Investment Officer (CIO) Matt Hougan argues that this legislative gridlock is not a disaster scenario, but rather could create new opportunities for the sector.

SEC Regulations Could Be a Catalyst for Crypto

Hougan pointed out that if the bill fails to pass, SEC Chairman Paul Atkins could step in to introduce much more innovation-friendly rules. Emphasizing Atkins’ willingness in this regard, Hougan stated that the rules issued by the agency could be a more effective catalyst than a bipartisan bill coming out of Congress. According to data from the prediction market Polymarket, the probability of the bill passing by the end of 2026 has dropped to 23%, down from 75% in May.

Maintaining his optimism about the sector’s future, Hougan reminded that giants like BlackRock, Nasdaq, JPMorgan, and Visa are already involved in the blockchain ecosystem. Stating that even if the Clarity Act does not pass, crypto will make uninterrupted progress for at least another two and a half years with the rules the SEC will set, the executive said that after this point, no authority “can put the genie back in the bottle.” Hougan nonetheless added that the passage of the bill remains the most ideal scenario for the US economy and investor protection.

Expectations for Critical Crypto Legislation Drop to 23%: Bitwise Executive Points to SEC for New Era isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Bitwise, one of the leading asset management firms in the cryptocurrency market, announced the rebalancing operation for its flagship Bitwise 10 Crypto Index ETF (BITW). This update, based on market capitalization and asset weight optimization, led to strategic shifts within the fund’s composition.

Standing out as the fund’s new star, Hyperliquid (HYPE) was included in the list following its massive performance in the first half of 2026. Gaining 165% in value since the beginning of the year, HYPE proved its worth by generating $1.34 trillion in trading volume and $320 million in revenue. Following these strong metrics, the asset secured a weighting of approximately 0.95% within the fund.

HYPE and XLM Era in Bitwise Portfolio

As part of the restructuring, Stellar (XLM) was also added to the list, while Polkadot (DOT) and Avalanche (AVAX) were excluded. Looking at the current portfolio allocation, Bitcoin maintains the lion’s share at 77.54%, followed by Ethereum at 13.04%. XRP and Solana (SOL) hold positions with 4.21% and 2.78% shares, respectively, while the newly added HYPE found its place in the index at a price level of $67.00.

In the lower tiers of the fund, projects such as Cardano (ADA), Stellar (XLM), Chainlink (LINK), Litecoin (LTC), and Sui (SUI) are featured. Notably, Sui (SUI) managed to keep its spot in the index despite being at the bottom of the list with a 0.17% share. This move by Bitwise is closely watched by institutional investors, as it directly reflects shifts in market liquidity and performance.

Bitwise Portfolio Shakeup: Two Major Altcoins Dropped, Replaced by These Assets isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

As uncertainty continues in cryptocurrency markets, Bitwise Chief Investment Officer (CIO) Matt Hougan made promising statements regarding Bitcoin (BTC). Hougan stated that the sharp sell-off in Strategy company’s preferred shares under the ticker STRC is a classic indicator that the market bottom is approaching. Emphasizing that such “end-of-cycle” dynamics are painful but necessary, the expert noted that investors should keep an eye on the autumn months.

At the end of June, the Bitcoin price fell below the $60,000 level, testing its lowest points of 2024. According to Hougan, one of the primary reasons for this drop was the turbulence in STRC shares, which Strategy used to finance its Bitcoin purchases. Initially valued at $100, these shares fell to around $75 amid market distrust. However, Strategy’s announcement that it could sell Bitcoin if necessary for dividend payments and its presentation of a new framework somewhat eased liquidity fears in the market.

Institutional Demand and the New Bull Season

Hougan predicts that Strategy will no longer be the only dominant buyer in the market, as institutional giants take over the baton. The interest of major banks like Morgan Stanley and Wells Fargo in Bitcoin ETFs, along with Texas’ strategic reserve plans, are among the strongest signals of this new era. Despite the harsh market conditions dominated by red tones in visuals, the expert believes that the more than $50 billion in cash flowing into ETFs since 2024 will keep the market resilient.

Andre Dragosch, Bitwise’s Head of Research for Europe, shared a similar view, stating that July could be a turning point for the transition from a bear market to a bull regime. Dragosch predicts that the market will bottom out earlier than general expectations, likely before October. Hougan, tracking the fear and greed index and open interest data, reminds that the real rally will begin once the “weak hands” in the market are flushed out.

Bitwise CIO Declares ‘End of Cycle’ for Bitcoin: Points to That Date for New Bull Season isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Matt Hougan, Chief Investment Officer at Bitwise and a veteran figure in the cryptocurrency world, shared significant insights regarding the market’s future. According to Hougan, the shift in investor focus from purely digital assets toward tangible application areas such as artificial intelligence and tokenization could extend the market’s recovery period longer than expected.

Stating that investor interest has shifted toward the recently surging artificial intelligence trend, Hougan noted that this could reduce volatility in the crypto market. Although the Bitcoin (BTC) price is currently hovering about 50% below its record high, he emphasized that institutional investor interest in the sector is higher than ever. While Hougan says we must wait to see how the four-year cycles play out, he maintains his belief that the Bitcoin (BTC) price will surpass the $1 million level within the next 10 years.

Long-Term $1 Million Prediction for Bitcoin

Despite the general market downturn, stablecoins and tokenization projects—known as the digitization of assets—continue to stand out. It is estimated that stablecoins, which have reached a total market value of $322 billion, could grow to a size of $4 trillion by 2030. Hougan expressed that it is natural for investors to turn to more “tangible” assets during bear markets and that this could affect the recovery speed of assets like Bitcoin (BTC).

Hougan, the Bitwise executive featured in the image, aligns with the views of Bitcoin (BTC) maximalists, arguing that this shift in traditional finance’s focus has contributed to the market decline. However, he also points out that this could lead to healthier growth in the long run. We are entering an era where investors place more importance on projects with real-world applications rather than just speculative assets.

Bitwise Executive Predicts $1 Million for Bitcoin: Why the Next Bull Run Will Be Different isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

While discussions continue in cryptocurrency markets regarding the level at which Bitcoin (BTC) will hit its bottom, a different perspective has emerged from Matt Hougan, one of the industry’s leading figures. Bitwise CIO Hougan pointed out that major financial institutions have found common ground despite their varying price predictions. According to Hougan, the market’s long-term dynamics present a much stronger picture than short-term price movements.

Galaxy Digital predicts that the floor price for Bitcoin could be between $30,000 and $54,000 after examining 13 different data points, including miner pressure and market sentiment. Meanwhile, NYDIG argues that institutional demand has altered the market structure and that the bottom may have already been reached without a traditional capitulation process. The fact that institutional interest in the Bitcoin supply continues to accumulate in layers is among the factors supporting these forecasts.

$100,000 Prediction from a Major Bank

Standard Chartered recently updated its outlook, claiming that the $59,000 level was the bottom and that the Bitcoin price will reach $100,000 by the end of the year. The bank anticipates that the upward trend will gain momentum as macroeconomic conditions improve and ETF selling pressure subsides.

Hougan stated that, beyond all these varying forecasts, the truly important factors are Bitcoin‘s long-term drivers. He noted that elements such as rising government debt, the search for a hedge against inflation, and declining trust in centralized institutions continue to support the market. According to Hougan, the current market setup is progressing on a much firmer foundation than in previous periods.

Where is the Bitcoin Bottom? According to Top Executive, That Is Not the Right Question; the Target is Different isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.