Bitwise Moves Closer to Launching Cryptocurrency ETF as Dow and S&P 500 Remain Absent for Digital Assets

DBV Technologies Surge: DBV Technologies S.A. experienced a dramatic 61.29% increase in after-hours trading after announcing successful results from its Phase 3 study of the VIASKIN Peanut patch for peanut-allergic children, reigniting investor interest.

Modular Medical Offering: Modular Medical, Inc. saw a modest gain of 3.53% amid ongoing investor analysis of its recent public offering announcement, which includes over 12 million shares priced at an effective cost of $0.38 per share.

Other Small Gains: Several other companies, including Co-Diagnostics, Elutia Inc., and Treace Medical Concepts, posted small increases in after-hours trading, attributed to light-volume activity rather than specific news.

Amylyx Pharmaceuticals Update: Amylyx Pharmaceuticals advanced 4.83% following its recent presentation of early Phase 1 trial data for AMX0114, which showed promising safety and tolerability, with further enrollment expected soon.

New ETF Launch: Bitwise has launched the Bitwise 10 Crypto Index ETF (BITW), allowing retail investors and financial advisors to access a diversified range of cryptocurrencies, including Bitcoin, ether, and newer assets like Avalanche and Sui.

Market Context: The ETF comes after the SEC's approval of spot bitcoin ETFs and amid recent pullbacks in the crypto market, with Bitcoin trading significantly lower than its record high.

Investment Advantages: BITW offers benefits such as increased trading flexibility, tax efficiency, and lower fees compared to traditional funds, making it an attractive option for investors looking for exposure to digital assets.

Portfolio Composition: The ETF allocates 90% of its holdings to major cryptocurrencies while capping the combined weight of smaller tokens at 10%, and it will be rebalanced monthly to adapt to market changes.

Biotech Gains in After-Hours Trading: Several biotechnology and pharmaceutical companies saw significant stock price increases in after-hours trading, driven by corporate updates and upcoming events.

Jasper Therapeutics' Webinar Announcement: Jasper Therapeutics, Inc. experienced a 21.51% surge after announcing a webinar to discuss findings from the BEACON study and preliminary data from the ETESIAN study.

NRx Pharmaceuticals' Presentation at NobleCon21: NRx Pharmaceuticals, Inc. rose 13.39% following the announcement that its CEO will present updates on the company's focus and clinical revenue at an upcoming conference.

Protara Therapeutics' Conference Call: Protara Therapeutics, Inc. gained 5.04% after revealing plans for a conference call to discuss interim data from its Phase 2 trial for bladder cancer, with findings to be presented at a major urology meeting.

Alternative Investments Overview: The article discusses various alternative investments, including quantum companies, crypto-related firms, and alternative auto parts, highlighting the speculative nature and challenges associated with these investments.

Speculation vs. Equities: The author emphasizes the importance of investing in equities over speculative trading, advocating for a balanced portfolio that includes index funds, growth stocks, and wise speculation.

Market Corruption Concerns: There is a critique of the current investment landscape, suggesting that large firms promote speculative instruments for profit, potentially leading to a repeat of past market failures.

Investor Awareness and Information Access: The article notes that today's investors have more access to information than ever before, challenging the notion that individual investors cannot successfully pick stocks, while also warning about the risks of speculative investments.

Company Announcement: Solana Company (NASDAQ: HSDT) will release its third quarter operating results on November 18, 2025, after market close, followed by a conference call at 4:30 p.m. Eastern Time.

Business Focus: Solana Company specializes in neurotechnology for neurologic deficits and has a digital asset treasury dedicated to acquiring and holding Solana (SOL) to maximize shareholder value.

Strategic Partnerships: The digital asset treasury was created in collaboration with Pantera Capital and Summer Capital, aiming to provide public market investors with exposure to Solana's growth.

Investor Relations: Additional information can be found on the company's investor relations website, and media contacts are provided for further inquiries.

Event Overview: Clear Street will host its Disruptive Technology Conference on November 19–20, 2025, at the Four Seasons Resort in Palm Beach, Florida, featuring CEOs, investors, and industry leaders in AI, digital assets, and fintech.

Keynote Speakers: The conference will feature keynote addresses from Michael Saylor, Co-Founder of Strategy, and Eric Trump, Co-Founder of American Bitcoin Corporation, among other thought leaders.

Attendee Profile: Over fifty management teams from various sectors, including artificial intelligence, blockchain, and cybersecurity, are expected to participate in 1:1 meetings and discussions.

Company Mission: Clear Street aims to provide sophisticated investors with access to all assets in every market through a cloud-native capital markets platform designed for speed, transparency, and scalability.