Geopolitics Alpha

Bitwise CIO Hougan revises Clarity Act outlook, says crypto bull market may continue without legislation

Published . Updated .

Bitcoin climbed above $80,000 in early September despite declining odds of the legislation passing this year, Hougan noted.

Directly affected

  • CRCW Crypto

    Named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MSTR Strategy

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • BITW BITWISE 10 CRYPTO INDEX ETF SHS REPSTG UNIT BEN INT

    GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: bitwise, crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITB BITWISE BITCOIN ETF TR

    GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • FAS DIREXION DAILY FINANCIAL BULL 3X ETF

    GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • GGLL DIREXION DAILY GOOGL BULL 2X ETF

    GA selected GGLL as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRCW———————
IBIT———————
COIN———————
MSTR———————
MARA———————
RIOT———————
HOOD———————
BITW———————
BITB———————
FAS———————
GGLL———————

Bitcoin climbed above $80,000 in early September despite declining odds of the legislation passing this year, Hougan noted.

Source: The Block

Price since this story was published: Bitwise 10 Crypto Index ETF (BITW)

Since the first closing price after “Bitwise CIO Hougan revises Clarity Act outlook, says crypto bull market may continue without legislation,” Bitwise 10 Crypto Index ETF (BITW) is -0.94%. The S&P 500 fund (SPY) is +0.65% over the same days, a -1.60% difference versus the market.

BITW
SPY

Who gains and who loses around Bitwise 10 Crypto Index ETF (BITW)

Companies carried with this story

  • BITW Bitwise 10 Crypto Index ETF

    In “Bitwise CIO Hougan revises Clarity Act outlook, says crypto bull market may continue without legislation,” Bitwise 10 Crypto Index ETF (BITW) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: bitwise, crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITB Bitwise Bitcoin ETF

    For “Bitwise CIO Hougan revises Clarity Act outlook, says crypto bull market may continue without legislation,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FAS Direxion Daily Financial Bull 3X Etf

    Direxion Daily Financial Bull 3X Etf (FAS) is linked, with no stored direction, medium confidence in the 17 Sep 2026 story “Bitwise CIO Hougan revises Clarity Act outlook, says crypto bull market may continue without legislation.” Reason on file: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GGLL Direxion Daily Googl Bull 2X Etf

    In “Bitwise CIO Hougan revises Clarity Act outlook, says crypto bull market may continue without legislation,” Direxion Daily Googl Bull 2X Etf (GGLL) is linked, with no stored direction, medium confidence. Reason on file: GA selected GGLL as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • METU Direxion Daily Meta Bull 2X Etf

    For “Bitwise CIO Hougan revises Clarity Act outlook, says crypto bull market may continue without legislation,” Direxion Daily Meta Bull 2X Etf (METU) is linked, with no stored direction, medium confidence. Reason on file: GA selected METU as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • MSFU Direxion Daily Msft Bull 2X Etf

    For “Bitwise CIO Hougan revises Clarity Act outlook, says crypto bull market may continue without legislation,” Direxion Daily Msft Bull 2X Etf (MSFU) is linked, with no stored direction, medium confidence. Reason on file: GA selected MSFU as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Bitwise 10 Crypto Index ETF (BITW)

On 17 Sep 2026, “Bitwise CIO Hougan revises Clarity Act outlook, says crypto bull market may continue without legislation” is the story that connects Bitwise 10 Crypto Index ETF (BITW) to this story.

What ties Bitwise 10 Crypto Index ETF (BITW) to the headline is this: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: bitwise, crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Also listed, Bitwise Bitcoin ETF (BITB): GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Dates and price levels for Bitwise 10 Crypto Index ETF (BITW)

BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITW traded between 51.43 and 56.92 across 20 sessions. The latest close on file is 52.47. FAS traded between 136.16 and 161.95 across 20 sessions. The latest close on file is 152.93.

How strong the case is around Bitwise 10 Crypto Index ETF (BITW)

46 out of 100

“Bitwise CIO Hougan revises Clarity Act outlook, says crypto bull market may continue without legislation” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.