BitcoinSistemi 2025-03-19 08:10:08

Bitwise CIO Says ETFs of Two Up-and-Coming Altcoins Will Be Approved! Announces Three Altcoins to Watch!

Bitcoin (BTC) and altcoins have experienced major declines due to macroeconomic uncertainty and fears over Trump's tariff moves. While investors are expecting upward movement in cryptocurrencies with positive news from the FED today, Bitwise CIO Matt Hougan made statements about altcoins. Follow These Altcoins! Speaking to Decrypt, Matt Hougan noted that DeFi is significantly undervalued. Despite the lackluster performance of altcoins, Hougan stated that he is optimistic about DeFi-based altcoins and thinks that DeFi will explode when new regulations are implemented. Hougan, who cited Uniswap (UNI), Ondo and Aave as projects with high growth potential among DeFi-based altcoins, said, “The market has not yet accepted the fact that these tokens can change the token economy and become money printing machines in a new regulatory environment.” “I Will Invest In SUI ETF!” The Bitwise CIO also touched on altcoin ETF applications and noted that layer 1 blockchains such as Sui (SUI) and Aptos (APT) are attractive to institutional investors. Hougan noted that there is a high potential for SUI and Aptos-based ETFs to be launched in the US, saying: “SUI and APT definitely meet the requirements to attract institutional investors and have a high chance of approval. If the SUI ETF is approved, I will personally invest in SUI.” For Which Altcoins Will They Apply for ETFs? Bitwise filed for an Aptos ETF earlier this month but does not yet have an application for a SUI-based ETF. At this point, Hougan did not answer the question about which altcoins Bitwise might apply for an ETF in the future, but said that the firm was examining altcoins with real potential, high quality and connected to interesting projects. *This is not investment advice. Continue Reading: Bitwise CIO Says ETFs of Two Up-and-Coming Altcoins Will Be Approved! Announces Three Altcoins to Watch!