Polygon’s MATIC token surged after 21Shares announced the launch of a crypto exchange-traded product (ETP) linked to MATIC’s performance on Euronext exchanges. Polygon’s Dean Thomas shares insights into the latest movements at the Polygon blockchain, which Thomas describes as “an index fund with Ethereum scaling solutions.”
Bitwise Asset Management CIO Matt Hougan discusses his views on whether bitcoin is still considered a safe haven asset as the cryptocurrency continues to retreat. ”Bitcoin is the most effective hedge against long-term inflation and inflationary risks,” Hougan said. Plus, reactions to Fidelity launching a bitcoin spot ETF in Canada.
The U.S. Security and Exchange Commission (SEC) is reportedly going to allow some of the bitcoin futures ETF filings under review to launch. Matt Hougan of Bitwise, an asset management firm with ETF applications pending, discusses the implications and significance of this expected milestone for the crypto industry.