Bitwise, Michael Howe | STRC $70 Depeg, Covered Calls ETF $100M AUM, Zero Institutions Sold in Bear

Show Notes

On this Market Cap episode, Michael Howe, Head of Strategy at Bitwise Europe, joins our Director of Institutional Partnerships, Stefano Sanabria.

We review the introduction of preferred equity vehicles, covered calls ETFs, and other yield-oriented structured products such as SMAs, and assess how they fared.

Further we discuss their Lighter ETP, define the primary categories for such products, and outline the many counterparties involved in bringing them to market.

And finally we consider whether their vaults will rival ETPs, how to get those "institution-ready", and their intricate linkage to RWA products.

Chapters
02:53 Insights from EBC
05:52 Institutional Adoption of Crypto
08:53 The Search for Yield in Digital Assets
11:57 Emerging Yield-Oriented Products
14:49 The Evolution of DeFi and Yield Solutions
17:56 Innovations in Structured Digital Asset Products
20:50 The Future of Investments and Market Dynamics
29:08 Democratizing Investment Access
30:39 Innovations in Financial Products
32:46 Evaluating Investment Opportunities
36:01 Navigating Regulatory Landscapes
38:43 The Future of Vaults and RWAs
42:33 Institutional Readiness of Vaults
45:12 The Evolution of Financial Products
50:35 The Role of AI in Investing
53:57 Upcoming ETP Launches
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On Market Cap we speak with firms and individuals to explore the thinking that guides them, the patterns they observe, and other forces moving the markets.

🎥 Watch the video version: https://x.com/AleaResearch/status/2105601053773218002

What is Market Cap?

Market Cap is the show for serious capital in crypto. Stefano hosts allocators, market makers, and institutional operators to unpack the flows, structures, and mechanics shaping the asset class. Conversations focus on market structure, liquidity, the bridge between TradFi and crypto, and the questions allocators are actually asking. Built for professionals who treat crypto as a market, not a meme.