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Galaxy GLXY rises 20 percent while BITQ and BITW diverge, Hunter Horsley notes
Hunter Horsley, CEO / Co-founder at Bitwise Asset Management, reports that Galaxy GLXY is up 20 percent today. There has been a notable divergence in price performance, with BITQ—an equity index of crypto companies—moving higher, while BITW—an index of crypto assets—has declined.
Horsley has previously commented on equity market potential, suggesting the SpaceX IPO valuation could rival the crypto market excluding stablecoins. Earlier this year, he announced Bitwise’s launch of the Hyperliquid ETF, offering investors platform ownership. Horsley’s recent commentary adds to a series of updates on crypto asset trends and investment products.
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