In 2013, Bitcoin’s 30-day volatility peaked at 250%. Today it’s near 35%. Boring is good.

There are three paths for AI and the economy. All of them lead to bitcoin. Read @Matt_Hougan’s latest memo—"Choose Your Own (Macro) Adventure." experts.bitwiseinvestments.c…

"For bitcoin investors, what happens with AI doesn’t matter over the long term. As I see it, every path ultimately ends with bitcoin higher." @Matt_Hougan's latest CIO memo:

This chart ends eleven days after the SEC cleared tokenized U.S. stocks to trade onchain. What do you think happens next?

In 2020, blockchains earned nearly all onchain revenue. Today, they earn under a third of it. Onchain apps have taken over.

Have you been leverage trading SpaceX at 3AM again?

Thank you @token2049 for having @HHorsley on stage yesterday alongside leaders from some of the largest financial institutions. Incredible to see the industry’s bullishness on tokenization.

The market is growing. Asset managers are ready to tokenize, and the $300B of stablecoins sitting with depositors will unlock the next phase of onchain yield. @HHorsley on stage at @blockworksDAS discussing RWAs, vaults, and the pursuit of onchain yield.

In our launch conversation with $NEAR founder @ilblackdragon, Bitwise CIO @Matt_Hougan explains what the Bitwise NEAR ETF ($NRR) is designed to do: - Hold the NEAR token directly - Stake NEAR to participate in the network - Keep it secure in institutional cold storage with qualified custodians

5/ "Most AI bets (and many crypto bets!) ask you to pay for the dream and hope the revenues show up later. With NEAR, the business is already here."

4/ "NEAR Intents is Gaining Traction."

3/ "NEAR has a grandiose goal—to be the primary location that AI agents interact with the world."

2/ "You don't get much more of a moonshot than that."

"Watching @ilblackdragon build @NEARProtocol is a little like watching Elon Musk build SpaceX." @Matt_Hougan on why NEAR is one of the most ambitious projects in crypto:

Watching @NEARProtocol evolve has been like watching a master artist paint a landscape. @Matt_Hougan explains, with @ilblackdragon and @RasterlyRock.

“Capital markets are coming onchain — and investors see that Solana is where that major transformational theme in financial services is playing out.” — @HHorsley at @solana Capital Forum in Singapore

Day 2 trading stats for the Bitwise NEAR ETF $NRR, the first spot NEAR ETP in the U.S.: Net inflows: $13.2 million Volume: $20.1 million AUM: $52.8 million Big week for @NEARProtocol.

The Clarity Act died in the Senate two weeks ago. Crypto rallied anyway. Bitwise CIO @Matt_Hougan on the reasons why: - Stablecoin rewards have no federal cap without it. - Exchanges keep their moat. - The SEC greenlit tokenized stock trading days later. - Buyback tokens got regulatory clarity the bill never gave them.

Holding $NEAR isn't passive. "If you hold a NEAR token, you're securing the ecosystem, you have AI capacity, and you're benefiting from all the transaction fees generated by AI and Intents in the system." - @ilblackdragon on what it actually means to hold NEAR.

🚨🧦🚨🧦🚨🧦 To celebrate the launch of $NRR, we’re giving away limited-edition Bitwise NEAR socks to 50 followers! $NEAR is building the settlement layer for the agentic economy, and we couldn't be more excited to offer investors exposure to it with the Bitwise NEAR ETF. How to enter: 1️⃣ Follow @Bitwise 2️⃣ Reply below with your favorite project that’s building on @NEARProtocol

Day 1 trading stats for the Bitwise NEAR ETF (NRR), the first spot NEAR ETP in the U.S.: AUM: $36 million Net inflows: $35.5 million Volume: $15.1 million A hot start by NRR investors and a major milestone for @NEARProtocol.

The future is NEAR. Introducing $NRR—the Bitwise NEAR ETF—giving investors exposure to the emerging agentic economy. $NRR is the first spot $NEAR ETP in the U.S. and offers in-house staking to maximize NEAR's ~5% staking rewards.* Why @NEARprotocol? ↳ Built at the intersection of AI x crypto by foundational AI researchers: The team helped shape modern AI, and now they're building its transaction layer. ↳ Growing quickly: NEAR Intents has processed $32B+ in volume, up from under $1B a year ago. ↳ Designed for security: NEAR Intents settle cross-chain transactions through smart contracts to avoid the potential risks of centralized bridges. ↳ Made for scale: Transactions finalize in ~1.2 seconds and cost a fraction of a cent. ↳ Smart tokenomics: With a ~$6B market cap, NEAR's supply is fully unlocked, inflation was recently halved to 2.5% per year, and fees now fund buybacks. Why in-house staking? Staking in-house brings Bitwise's institutional expertise directly to NRR investing with transparency, security, and oversight. As AI and crypto converge, the Bitwise NEAR ETF ($NRR) gives investors straightforward exposure to the network leading the charge. Learn more at nrretf.com

What do you actually do with bitcoin once you own it? Today at 1pm ET, @AsadIshmael sits down with Gordon Grant (Bitwise Head of Derivatives) and @JacobPPhillips (co-founder, Lombard Labs) on the real menu of options for putting bitcoin to work.

"Taking things that exist in the normal market and putting a digital wrapper on top of them is great, but that doesn't really show off the efficiencies and benefits of the technology." - @JohnNahas84 on why issuers should build digitally native from day one.

Catch @HHorsley live at Digital Asset Summit 2026 in Singapore, where he'll be talking RWAs, vaults, and the pursuit of onchain yield. Oct 7 · Marina Bay Sands @BlockworksDAS

Introducing PPLUS—the Bitwise Premium+ RWA Vault—launching on @EmberProtocol. PPLUS holds a curated portfolio of real-world assets and applies leverage, targeting 10%+ net yield. PPLUS is only available to non-U.S. Persons. The vault pursues a leveraged credit strategy involving material risks, including the risk of partial or total loss of deposited assets. What's inside: ↳ $PST by @humafinance — short-duration cross-border payment financing to institutions ↳ $sUSDai by @USDai_Official — loans backed by the GPUs that power AI ↳ $PRIME by @HastraFi — tokenized claims collateralized by prime home equity, in partnership with @Figure Bitwise designs the strategy—curating assets, positions, and leverage parameters. Ember operates the vault and executes transactions. PPLUS extends the Bitwise vault family from lending into strategy, and one step further along the risk-return curve. Learn more: onchain.bitwiseinvestments.c…

"Advisors shouldn't have to run crypto as a separate book." — @RunikM, Co-Founder and Co-Head of @viseinc Bitwise crypto model portfolios are now available to the hundreds of wealth firms and 135,000+ accounts on the Vise platform, where they sit inside the same portfolio as a client's equities, fixed income, and alternatives, rebalanced on the same schedule and under the same tax discipline. Excited to help Vise and their clients access crypto’s opportunities in a thoughtful and scalable way.

Maybe institutions were the real diamond hands all along. @Matt_Hougan's latest CIO Memo:

Curious what's driving Avalanche right now? Tune in tomorrow at 12:30pm ET to hear @JohnNahas84 @RasterlyRock, and @CamKhosravi break it down.

@Bitwise_Europe has launched the Bitwise Lighter Staking ETP, $BLIT, the world's first exchange-traded product giving investors exposure to $LIT. Lighter is a decentralized perpetual futures exchange on Ethereum built on a custom zero-knowledge rollup, making every trade and liquidation independently verifiable on-chain. $LIT is its governance and staking token. Grateful to the @Lighter_xyz community for the chance to bring ETP access to one of the most closely watched tokens in crypto. Now trading on Xetra. Available to European investors.

The Bitwise Hyperliquid ETF, $BHYP, just crossed $200 million in AUM.* Some @HyperliquidX stats that make us bullish: ↳ It commands more decentralized perpetual open interest than all other venues combined. ↳ The platform just saw $217B in 30-day trading volume, more than the next five decentralized venues combined. ↳ It accounts for ~90% of all perp DEX revenue returned to token holders ($52M of $58M, trailing 30 days). Investors are taking notice. We're grateful for the trust they’ve placed in Bitwise to manage their exposure.

Bitwise will be at @token2049 in Singapore, October 7-8. Our team will be talking crypto exposure, tokenization, and onchain strategy with the founders, investors, and institutions building the next stage of the crypto industry. If you're attending and want to connect, please reach out!

"How can we bring the capabilities of a blockchain to real world contexts? That’s the pursuit. The moment that has begun in 2026 is the moment Avalanche was built for." — @HHorsley live at @avax Summit

Arc 🤝 Bitwise The Bitwise Premium RWA Vault is expanding to @Arc with PAPY-USDC. What it unlocks: ↳ Arc users can supply USDC to a lending vault on @Morpho. ↳ Borrowers can post approved tokenized RWA collateral, initially including PST (@humafinance) and sUSDai (@USDai_Official). ↳ A Bitwise-curated RWA credit market live on Arc from day one. Traditional credit, brought onchain, curated by Bitwise. Now live on Arc. Learn more: onchain.bitwiseinvestments.c…

The Bitwise Premium RWA Vault—PAPY—has passed $20 million in deposits on @Morpho, less than two weeks after launch. The vault earns yield by lending @withAUSD against RWA collateral from @humafinance, @USDai_Official, and @HastraFi. Thanks to everyone putting TradFi credit onto DeFi rails with us.

Bitwise is heading to Barcelona for @EBlockchainCon. Our team will be there all week, connecting with builders, investors, and the broader crypto community. Catch @BradleyDuke_ , @Yannimoto, @Andre_Dragosch, Brian Rainmondi and Michael Howe at the event, or reach out ahead of time to set something up.

PAPY—the Bitwise Premium RWA Vault—has surpassed $15m in deposits in just over one week on @Morpho. The vault earns yield by lending @withAUSD deposits against a diversified set of real-world assets like: - PST by @humafinance — cross-border payment financing to institutions - sUSDai by @USDai_Official — loans backed by the GPUs that power AI - PRIME by @HastraFi — tokenized claims collateralized by prime home equity, in partnership with @Figure Onwards, onchain!

@avax Summit belongs in the city where capital, culture, technology, and ambition collide. Honored to have @HHorsley on stage for “What Comes After the ETF?”

How do Automated Token Portfolios work anyway? @BrianInCrypto breaks it down…

The Bitwise team will be at @FutureProof_HQ Festival next week in Huntington Beach! Find @braedonlabar40 at the event to get your hands on some Bitwise swag 👀.

A thematic ETF and an ATP can offer exposure to the same companies. What's different is what else they offer: with an ATP, you hold the tokenized stocks in your own wallet, available 24/7/365, with access to the DeFi ecosystem. @Matt_Hougan on what Automated Token Portfolios can do:

“The GPU is the most important commodity of our decade. But if you bought a single chip, you couldn’t get a loan against it.” — @0xZergs @USDai_Official — a stablecoin backed by the GPUs powering AI — is one of three real-world assets accepted as collateral in the Bitwise Premium RWA Vault on @Morpho. David Choi, CEO of @PermianLabs, in conversation with @0x_JMan:

"There's about $30 trillion a year financing global payments. We're bringing that onchain." — @0xErbil PST by @humafinance — backed by short-duration cross-border payment financing for institutions — is one of three real-world assets accepted as collateral in the Bitwise Premium RWA Vault on @Morpho. Huma co-founder Erbil Karaman discusses PST, PayFi, and the three things missing in RWAs today with Bitwise’s @0x_JMan:

Bitcoin's correlation with gold just hit a six-year high. The last time it was this high was 2020, after the Covid stimulus. When macro dominates, many investors stop choosing between gold and bitcoin. They buy both. In this week's CIO memo, @Andre_Dragosch explains why bitcoin is trading like digital gold: experts.bitwiseinvestments.c…

Going for less “parrot-on-shoulder” and more “penguin eavesdropping.”

"A dollar is worth a dollar. If you're subscribing into RWAs and losing basis points on every transaction, that's not tenable." — @Nick_van_Eck @withAUSD is the deposit asset for the Bitwise Premium RWA Vault on @Morpho. It's fully backed by U.S. T-bills, overnight and reverse repo, and other liquid assets. In conversation with @0x_JMan:

Introducing the Bitwise Premium RWA Vault on Morpho. AUSD deposits. Allocated to lending markets on Morpho. Collateralized by RWA assets selected by Bitwise: PST, PRIME, and USDai. Target APY: 5-6%. For more information, visit onchain.bitwiseinvestments.c….

Introducing PAPY—the Bitwise Premium RWA Vault, launching on @Morpho with @withAUSD. PAPY earns yield by lending AUSD deposits programmatically against overcollateralized tokenized real-world assets—durable, traditional credit, brought onchain. Loans are secured by a diversified basket of RWAs, including: - PST by @humafinance — short-duration cross-border payment financing to institutions - sUSDai by @USDai_Official — loans backed by the GPUs that power AI - PRIME by @HastraFi — tokenized claims collateralized by prime home equity, in partnership with @Figure Deposits are made in AUSD, Agora's stablecoin, which is fully backed by short-term U.S. Treasuries, overnight and reverse repo, and other liquid assets. Bitwise determines the collateral and programs the risk parameters so you can access onchain yield backed by real-world value. PAPY is live now on Morpho. TradFi credit on DeFi rails. Onchain finance is here. For more information, visit onchain.bitwiseinvestments.c…

14 years in, and the ripple:native community continues to be unstoppable. The Bitwise XRP ETF (XRP) crossed $500,000,000 in AUM—just 9 months after launch. Grateful for the chance to expand mainstream access to XRP and steward investors’ exposure to the opportunities in this space.

The Bitwise Solana Staking ETF, BSOL, just crossed $1 billion AUM—exactly 10 months after its launch. Most of the approximately $1 billion of inflows have come in a bear market, an impressive indication of investor conviction. Grateful to investors for trusting Bitwise to steward their investment. Capital markets are coming onchain, and Solana’s just getting started.

Bitwise Automated Token Portfolios are here: institutionally designed model portfolios for tokenized stocks that live in your crypto wallet—powered by @base and @glider. Join us tomorrow at 1pm ET to hear what ATPs mean for onchain finance, straight from the builders: @Matt_Hougan @RasterlyRock @antoniogm @BrianInCrypto

"Intentionally or not, the U.S. government just proved two of the strongest arguments for bitcoin." - @Matt_Hougan

Introducing ATPs: Automated Token Portfolios. Powered by @coinbase and @glider__.

Today, Bitwise is launching Automated Token Portfolios (ATPs): institutionally designed model portfolios for tokenized stocks that live directly in your crypto wallet—powered by @Coinbase Tokenized Stocks. Bitwise designs the model, you hold the tokenized stocks in your own wallet, and @Glider__ keeps your holdings aligned automatically, without ever taking custody. Only available to non-U.S. persons (as defined in Regulation S of the Securities Act of 1933) in eligible jurisdictions outside of the U.S. 🧵

When bitcoin:native moves, people ask how to get exposure. One answer: The Bitwise Bitcoin ETF, $BITB.

This week. MoneyShow SF. Bitwise CIO @Matt_Hougan explains what stablecoins and tokenization actually are and what they mean for the future of markets.

Today, @Coinbase launched Tokenized Stocks on @Base. Tomorrow, Bitwise will show you what we’re building on top of them.

That’s a wrap on the Dutch Grand Prix! Grateful to have been along for the journey as part of @krakenfx’s partnership with @WilliamsF1.

Spot the Bitwise logo at 300 km/h at Zandvoort this weekend. We’re along for the ride thanks to @krakenfx's partnership with @WilliamsF1.