Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen
Published . Updated .
Bitcoin Magazine Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen Bitwise’s Ryan Rasmussen breaks down institutional crypto adoption, revealing why pensions and sovereign funds bought the dip from $125K to $60K. This post Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen first appeared on Bitcoin Magazine and is written by Patrick Green .
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
- BITB BITWISE BITCOIN ETF TR
GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin, bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITU PROSHARES ULTRA BITCOIN ETF
GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITX 2X BITCOIN STRATEGY ETF
GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- GBTC GRAYSCALE BITCOIN TRUST ETF
GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. 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
Bitcoin Magazine Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen Bitwise’s Ryan Rasmussen breaks down institutional crypto adoption, revealing why pensions and sovereign funds bought the dip from $125K to $60…
Source: Bitcoin Magazine
Price since this story was published: Bitwise Bitcoin ETF (BITB)
Since the first closing price after “Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen,” Bitwise Bitcoin ETF (BITB) is -2.22%. The S&P 500 fund (SPY) is +0.56% over the same days, a -2.78% difference versus the market.
Who gains and who loses around Bitwise Bitcoin ETF (BITB)
Companies carried with this story
- BITB Bitwise Bitcoin ETF
In “Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen,” 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: bitcoin, bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITU Proshares Ultra Bitcoin Etf
For “Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITX 2X Bitcoin Strategy Etf
For “Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen,” 2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GBTC Grayscale Bitcoin Trust ETF
For “Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen,” Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- IBIT iShares Bitcoin Trust ETF
iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence in the 29 Sep 2026 story “Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen.” Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ARKB Ark 21Shares Bitcoin ETF
For “Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen,” Ark 21Shares Bitcoin ETF (ARKB) is linked, with no stored direction, medium confidence. Reason on file: GA selected ARKB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Bitwise Bitcoin ETF (BITB)
Bitwise Bitcoin ETF (BITB) is the company in “Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen,” the 29 Sep 2026 this story story.
The link for Bitwise Bitcoin ETF (BITB) is this: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin, bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
A second company, Proshares Ultra Bitcoin Etf (BITU), is listed for a different reason: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
The price range for Bitwise Bitcoin ETF (BITB), and the dates in the story
BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59.
How strong the case is around Bitwise Bitcoin ETF (BITB)
46 out of 100
“Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.