Bitwise’s bullishness is centered around what it calls “crypto’s magnificent three”—Bitcoin, Ethereum, and Solana—all of which crushed the returns of the S&P 500 in 2024.

On Nov. 27, 2024, Bitwise Asset Management filed with the SEC for an exchange-traded fund (ETF) based on its 10 Crypto Index Fund, which has been running since 2017.

In December 2024, Bitwise had predicted that Bitcoin’s price would hit $200,000 in 2025. But the current drop in its value has us worried. On Dec. 11, 2024, the team at the crypto asset ...