The Wolf Of All Streets “This Upcoming Catalyst Will Ignite Bitcoin’s REAL Bull Run” | Matt Hougan
Nov 16, 2025
In this engaging discussion, Matt Hougan, Chief Investment Officer at Bitwise, sheds light on the current state of Bitcoin and the driving forces behind its price movements. He delves into the significant role of ETFs as new market buyers and how the Clarity Act could potentially spark the next bull run. Matt also covers the revolutionary potential of tokenization and stablecoins in transforming finance. He emphasizes how regulatory clarity will boost institutional confidence and why current market conditions present a unique opportunity for long-term investors.
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Solana ETF Saw Massive Early Flows
- Bitwise did about $500 million in flows into the Solana staking ETF in the first 12 days.
- Scaled to Bitcoin, that would be roughly $12 billion, illustrating enormous demand potential.
How 100% Staked ETF Mechanics Work
- 100% staking in an ETF is feasible by arranging market-maker facilities to swap locked tokens during outflows.
- That introduces small temporary spreads but captures staking yield most of the time.
Staking Yield Accrues To ETF NAV, Not Cash
- Expect staking yield to accrue to ETF share price rather than as cash distributions.
- If you need yield, sell a portion of shares; otherwise let yield compound in the share NAV.