Bitwise CEO says Dogecoin ETF setback reveals ETF-crypto user divide
Bitwise CEO Hunter Horsley lamented the failure of a Dogecoin ETF, saying it highlights a disconnect between ETF investors and crypto app users. The firm recently launched a spot NEAR ETF and is focusing more on AI.
Bitwise CEO Hunter Horsley cited the unsuccessful Dogecoin ETF as a sign of a split. He said it shows a disconnect between ETF investors and people who use crypto apps. The two groups may not share the same preferences or expectations.
Bitwise recently rolled out a spot NEAR ETF. The company is also placing more emphasis on artificial intelligence. Together, these developments suggest the firm is navigating distinct investor audiences while shifting some strategic attention.
The divide may affect crypto product providers, ETF investors, and app-based users. If ETF offerings and crypto-native audiences keep diverging, firms could tailor products differently, potentially changing access and risk exposure for retail investors. Dogecoin holders and NEAR ETF investors may encounter different market structures. Broader society could see uneven crypto integration, with some gaining ETF-based exposure while others remain in app ecosystems.