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Crypto

Bitwise to cut workforce by 14 percent as crypto slump hits ETF firms

Bitwise cut about 14 percent of its workforce, reducing headcount from around 180 to about 155. The layoffs come as weakness in the cryptocurrency market spreads to spot bitcoin ETF issuers. Bitwise manages more than 70 products and about $9 billion in assets, including a $2.3 billion spot bitcoin ETF. The spot bitcoin ETF market totals about $77.5 billion, but assets are concentrated in larger funds such as BlackRock’s IBIT and Fidelity’s FBTC.

Crypto

Institutional money flows into bitcoin as ETF and OTC trading influence surges

Institutional investors are rapidly gaining influence over bitcoin price formation, with their share of Wintermute’s OTC spot trading rising to 72% in the first half of 2026 from 59% a year earlier. Activity has also increased in derivatives, including altcoin options and futures, while tokenised real-world assets grew to $31 billion. Surveys show portfolio diversification and client demand are increasingly cited for holding digital assets, while U.S. spot bitcoin ETF inflows have strengthened.

Crypto

BlackRock executive says bitcoin held up despite AI stock slide, decoupling from equities

Bitcoin is lowering its correlation with equities, particularly AI-related stocks, prompting a shift in investor perception, an assessment said. BlackRock digital assets head Robert Mitchnick said investment sentiment around bitcoin has been quietly but clearly turning over the past month. He said bitcoin stayed relatively resilient even as AI-related stocks plunged in July. U.S. spot bitcoin ETFs logged $853.5 million of inflows over five sessions, led by BlackRock’s IBIT.