Inside Bitwise’s Avalanche ETP and institutional strategy with Matt Hougan

FundsApril 20, 2026, 4:24PM EDT
Inside Bitwise’s Avalanche ETP and institutional strategy with Matt Hougan
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  • Matt Hougan explains how ETFs, tokenization, and institutional capital are reshaping crypto and driving the next phase of growth.

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Episode 11 of Layer One, hosted by The Block's Kelvin Sparks and special co-host Ava Labs President John Wu, was recorded with Matt Hougan, CIO of Bitwise.

Listen below, and subscribe to Layer One on YouTube, Spotify, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

In Episode 11 of Layer One, The Block’s Kelvin Sparks and special co-host Ava Labs President John Wu are joined by Matt Hougan, CIO of Bitwise, to discuss the launch of the Avalanche ETP and how institutional investors are approaching crypto exposure.

OUTLINE
00:00 - Introduction
01:40 - Avalanche ETP Overview
02:45 - ETF Differentiation
04:34 - Staking and Yield
06:19 - Institutional Strategy
09:04 - Competing L1 Models
14:22 - Bitcoin Price Thesis
18:49 - Dual Market Narratives
21:57 - Institutional Capital Flows
30:02 - AI and Crypto Future

GUEST LINKS
Matt Hougan - https://x.com/Matt_Hougan
Bitwise - https://x.com/Bitwise
Ava Labs - https://x.com/avalabs

HOST LINKS
John Wu - https://x.com/John1wu
Kelvin Sparks - https://x.com/imyoungsparks


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