Matt Hougan, Bitwise’s chief investment officer, predicted an “ETF festival” in 2026, fending off fears of a bear market.
Speaking to CNBC on November 19, 2025, Hougan said that with the US government reopening and related legislation moving forward, the crypto market could see a “Palooza ETF”. He expects more than 100 new crypto ETFs/ETPs to be launched, with index-based crypto ETPs expected to become the largest growth segment next year.
Furthermore, Hougan said the new wave of investors prefers to “buy a basket of crypto assets to hold for the long term” rather than betting on a single blockchain.
Matt Hougan, CIO of Bitwise, said that with the US government reopening and new legislation moving forward, over 100 new crypto ETFs/ETPs could soon launch.
The next big wave? Index-based crypto baskets
And yes… XRP is quietly positioning itself to be one of the biggest winners in this space… pic.twitter.com/OY5pMtpDrY
— Xaïf Crypto
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(@Xaif_Crypto) Hougan’s prediction of an explosion in crypto ETFs comes at a time when the market is visibly struggling and Bitcoin is seeing a sharp correction from its recent highs.
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Bitcoin briefly fell below $90,000 this week, down nearly 27.5%. Despite this significant setback, Hougan remains unfazed. And Simon Gerovitch too.
DISCOVER: 20+ next cryptos that will explode in 2025
“Our strategy remains unchanged,” says Metaplanet’s Simon Gerovich
Following Bitcoin’s difficulties, the CEO of the Tokyo-listed company told
After reporting a strong third quarter, Metaplanet revealed that Fidelity International purchased 3 million shares of the company worth $7.42 million. The “Asian microstrategy” continues to be one of the most aggressive buyers of Bitcoin.
今日のような相場でも、当社の戦略は変わりません。短期的な価格変動がご心配をおかけすることもあるかと思いますが、当社は今後も長期的な価値の積み上げに注力してまいります。
Even in days like today, our strategy remains unchanged. Although short-term movements can be destabilizing, our goal…
– Simon Gerovitch (@gerovitch) November 18, 2025
Meanwhile, Hougan said that “Bitcoin’s service lies in its ability to securely store wealth in a digital format without the need for a government, banking institution or other intermediaries.”
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Could Reach 1000x in 2025
The United Arab Emirates and Abu Dhabi Investment Council Triple Bitcoin Bet
Bitwise and Metaplanet are not alone. On November 20, 2025, an Abu Dhabi sovereign wealth fund increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT) from 2.4 million to 8 million shares.
Speaking to Bloomberg, an ADIC spokesperson said: “We see Bitcoin playing an increasingly important role alongside gold; both assets contribute to the diversification of our portfolio and we plan to retain them as part of our short- and long-term strategy.”
Abu Dhabi’s wealth arm quietly tripled its stake in BlackRock’s Bitcoin ETF ahead of the recent cryptocurrency selloff, now holding nearly 8 million shares.
Despite BTC’s volatility and November’s large outflows, ADIC claims to be building a long-term “store of value” position alongside gold. pic.twitter.com/RiPXP2iGPV
– Menthor Q (@MenthorQpro) November 19, 2025
Additionally, Harvard University’s endowment increased its Bitcoin exposure by 257% during the third quarter of 2025. It accumulated 6.8 million shares of IBIT.
Explore: Bitcoin Prediction for November 2025: Saylor Continues to Buy the Dip
Key takeaways
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Despite the short-term volatility, Hougan maintains an extraordinarily optimistic long-term outlook. In an early November note, he cited macro strategist Jordi Visser’s view that Bitcoin is in a “quiet IPO” phase.
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Drawing a parallel with Microsoft, Hougan noted that the company easily understands how to value services. “Microsoft’s stock value correlates with demand for its service,” he said, arguing that Bitcoin follows a similar demand curve.
The post Bitwise CIO, Metaplanet President and More Reject Bear Market Talk appeared first on 99Bitcoins.
