Geopolitics Alpha

Crypto's Sisyphean struggle

Published . Updated .

Progress will effectively reset when the new Congress is sworn in, because key senators who quarterbacked the bill will not be on the ballot again, writes the Cato Institute's Ryan Chan-Wei.

Directly affected

  • CRCW Crypto

    Named in this report.

  • CATO Cato

    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: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BLOX NICHOLAS CRYPTO INCOME ETF

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

  • EZPZ FRANKLIN CRYPTO INDEX ETF

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

  • FDIG FIDELITY CRYPTO INDUSTRY AND DIGITAL PAYMENTS ETF

    GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: crypto. 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———————
CATO———————
IBIT———————
COIN———————
MSTR———————
MARA———————
RIOT———————
HOOD———————
BITW———————
BLOX———————
EZPZ———————
FDIG———————

Progress will effectively reset when the new Congress is sworn in, because key senators who quarterbacked the bill will not be on the ballot again, writes the Cato Institute's Ryan Chan-Wei.

Source: CoinDesk

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

Since the first closing price after “Crypto's Sisyphean struggle,” Bitwise 10 Crypto Index ETF (BITW) is -6.19%. The S&P 500 fund (SPY) is -1.08% over the same days, a -5.11% difference versus the market.

BITW
SPY

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

Companies mentioned with this story

  • BITW Bitwise 10 Crypto Index ETF

    Bitwise 10 Crypto Index ETF (BITW) is linked, with no stored direction, medium confidence in the 3 Oct 2026 story “Crypto's Sisyphean struggle.” Reason on file: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BLOX Nicholas Crypto Income Etf

    Nicholas Crypto Income Etf (BLOX) is linked, with no stored direction, medium confidence in the 3 Oct 2026 story “Crypto's Sisyphean struggle.” Reason on file: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • EZPZ Franklin Crypto Trust

    Franklin Crypto Trust (EZPZ) is linked, with no stored direction, medium confidence in the 3 Oct 2026 story “Crypto's Sisyphean struggle.” Reason on file: GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FDIG Fidelity Crypto Industry And Digital Payments Etf

    In “Crypto's Sisyphean struggle,” Fidelity Crypto Industry And Digital Payments Etf (FDIG) is linked, with no stored direction, medium confidence. Reason on file: GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GDLC Grayscale CoinDesk Crypto 5 ETF

    Grayscale CoinDesk Crypto 5 ETF (GDLC) is linked, with no stored direction, medium confidence in the 3 Oct 2026 story “Crypto's Sisyphean struggle.” Reason on file: GA selected GDLC as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

How “Crypto's Sisyphean struggle” reaches Bitwise 10 Crypto Index ETF (BITW)

Bitwise 10 Crypto Index ETF (BITW) is the company in “Crypto's Sisyphean struggle,” the 3 Oct 2026 this story story.

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

Nicholas Crypto Income Etf (BLOX) is here too. Its reason reads: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Dates in the story, and the Bitwise 10 Crypto Index ETF (BITW) price range

BITW traded between 51.43 and 56.92 across 20 sessions. The latest close on file is 52.47. BLOX traded between 11.35 and 15.12 across 20 sessions. The latest close on file is 11.52. EZPZ traded between 20.36 and 21.94 across 12 sessions. The latest close on file is 20.59.

A simple score for Bitwise 10 Crypto Index ETF (BITW)

40 out of 100

“Crypto's Sisyphean struggle” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.