In 2026… Bitcoin will break the four-year cycle, Polymarket open interest will set an all-time high, more than 100 crypto ETFs will launch, and more… Here are 10 Crypto Predictions for 2026 by the team at @bitwise 🧵👇

As we celebrate SpaceX IPO today, it's worth remembering that SpaceX has ~20k BTC on its balance sheet with the lowest average cost basis of $35k, representing one of the most visionary corporate treasuries in America Two moonshots, one balance sheet

Most traditional investors are excited about AI and Agents. They’re throwing all extra capital at it. But they have no idea how big of a role Coinbase is playing / will play in the space. Eventually, they’ll learn. When they do, Coinbase will benefit from the AI capital cannon.

Honored to be named to the inaugural Fortune Crypto 100—a ranking of the crypto industry’s most influential and impactful companies. Equally grateful to the 200 Bitwise employees for their endless commitment to moving the crypto industry forward. Please join us in congratulating all those recognized by Fortune for their great contributions to the space. Onward

Excited to share that Kraken has selected Bitwise to stake a portion of its hyperliquid:native holdings. We’re grateful to extend our partnership with Kraken, one of the top platforms in crypto, to generate onchain yield from one of the most exciting projects in crypto. Hyperliquid.

At a conference this week with hundreds of financial advisors from all over the country. Here’s what they’re asking about: - Tokenization - Stablecoins - Vaults - Regulation They’re not asking: “Why is price down?” They’re focused on long-term mega trends and catalysts.

Bitwise 🫡

People like perps

Bitwise head of research: 'Crypto vaults are the next evolution of asset management. They are inv funds that live on the blockchain. ETFs 2.0. No fee but the yield “curators” takes 12% of the yield generated. 24/7 trading. They think will grow to several trillion in assets. Currently they have a few billion.' (I’m personally not sold but keeping an open mind and monitoring). @RasterlyRock w Ric Edelman at DACFP

Live with @EleanorTerrett and @CryptoAmerica_ discussing: - AI vs crypto - The long-term crypto thesis - Hyperliquid - Zcash bug - Strategy’s Bitcoin sale - CLARITY Act And a whole lot more.

Join @matt_hougan and @rasterlyrock today at 12:30 p.m. ET discussing their short- and long-term outlook on equities and crypto assets, including: $MSTR $BTC $ETH $SOL $HYPE $ZEC x.com/i/broadcasts/1qKDzzOOL…

Vaults are experiencing serious tailwinds that index tokens never did enjoyed speaking with @RasterlyRock about why vaults are meeting the moment more episodes of Inside the Vault coming 🔜

Vaults are the ETFs of the crypto world 🌏 They package DeFi’s growing opportunity set into a single product that's accessible to institutions, retail, and everyone in between. From our conversation with @RasterlyRock, Head of Research at @Bitwise.

Seeing a lot of panic about $STRC trading around $94. A reminder: preferred stocks trading below par is completely normal. Many preferreds spend long periods below their $25 or $100 liquidation preference. STRC’s $100 par value is not a price floor. It’s the stated value used for liquidation preference and certain redemption provisions. What’s unique about STRC is that its dividend rate is adjusted monthly with the stated goal of encouraging the stock to trade near its $100 par value. That mechanism can influence demand, but it does not guarantee the stock will always trade at par. A 5% discount to par is not evidence that something is broken. It’s evidence that investors are demanding a higher yield, pricing risk, or reacting to market conditions – exactly what preferred stocks do. This is a preferred stock trading like a preferred stock.

We’ve seen $650m of long BTC liquidations in the past 24 hours. About 50% ($340m) of that was in the past 4 hours and 20% ($130m) in the past hour.

Probably nothing

CME Group launched 24/7 trading for its crypto futures and options last Friday @ 4pm CT. Its first weekend of trading cleared ~$50M notional. For scale: Hyperliquid's perps did ~$7.6B over on Saturday and Sunday alone (though that spans crypto, equity, and commodity perps).

After 11 trading days, the Bitwise Hyperliquid ETF $BHYP has surpassed over $100 million in AUM.* Thankful to BHYP investors and the Hyperliquid community — and grateful to play a role highlighting one of crypto’s most exciting projects. - $105M in AUM - Average daily volume: $35.1M - Total inflows: $81.8M - Only spot Hyperliquid ETP to publish the fund’s wallet addresses - 10% of the Fund’s annual management fee will be held as HYPE on the Bitwise balance sheet** - In-house staking Hyperliquid. *All figures as of 4 p.m. ET on 6/1/26. ** Minimum holding period will be 12 months.

Introducing the Bitwise Crypto Carry Fund (USCC)—a $259 million tokenized fund* built to provide yield through a market-neutral “crypto basis” strategy. Current annual yield: 4%. Powered by Superstate FundOS. Available to qualified purchasers. More color on USCC: - Runs a market-neutral basis-trade strategy: Holds crypto assets like BTC, ETH, SOL, and XRP and sells those assets’ futures contracts to generate yield from the difference - Tokens accepted as collateral in major DeFi markets including Aave, Kamino, and Morpho—gives investors ability to borrow stablecoins against positions - Originally created by @SuperstateInc in 2024. Today Bitwise takes over investment management of the fund; Superstate will continue to run its onchain infrastructure. - Bitwise’s first-ever tokenized fund USCC couples Superstate’s best-in-class infrastructure with Bitwise’s long track record in crypto asset management. Thrilled to partner with a true onchain pioneer to continue expanding access to the full range of opportunities in crypto. Interested? Send us a message here or go to bitwiseinvestments.com/crypt… *As of June 1, 2026

Listened to this pod on my run this morning. Superb explainer of hyperliquid and why it's Hansel-level hot rn. I didn't realize 99% of fees earned goes towards buying back the token. Smart. And I'll say it again: the crypto industry is so, so lucky to have @Matt_Hougan. Great q's from @NateGeraci as well.

I have a kind of crazy startup idea... But I think in a world with self-driving cars, reusable rockets, humanoid robots, and personalized gene therapy, we might be able to make it happen. Here's the idea: Airplane wifi that actually works. What am I missing?