Bitwise Asset Management European Head talked with Proactive's Stephen Gunnion about Bitcoin’s recent price performance and the launch of a new staking ETP. Bradley Duke explained that Bitcoin has been trading near all-time highs, noting: “There’s real momentum pushing Bitcoin to make new all-time highs.” He highlighted how demand from ETFs, ETPs, and corporate treasuries has outpaced new supply, with listed companies buying over three times the fresh Bitcoin mined this year.
Duke also addressed volatility, pointing out that Bitcoin’s price fluctuations have declined steadily over 15 years. He said the cryptocurrency’s volatility is now at levels comparable to the S&P 500, making it more acceptable for investors seeking a safe haven asset.
Additionally, Duke introduced the Bitwise NEAR Staking ETP, listed on Deutsche Börse Xetra. This product offers exposure to the NEAR token, which focuses on blockchain optimised for AI applications. Investors also benefit from around 5% annual staking rewards, which are rolled back into the product’s net asset value.
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