AlphAIAlphAI — Financial news for AI agents
247wallst.comSEP 262 min read$BTC-USD

A Former BlackRock Executive Calls Bitcoin an “Exit Asset” and Ethereum “the New Rails.” Bitwise Says the Opposite.

Joseph Chalom, SharpLink CEO and ex-BlackRock executive, calls Bitcoin an 'exit asset' and Ethereum 'the new rails' for finance, citing its potential to integrate stablecoins and DeFi. Bitwise's research shows institutions hold Bitcoin as a primary asset but view Ethereum and Solana as speculative. Bitcoin ETFs saw $2.4B inflows last week, while Ethereum ETFs had $690M.

Original reporting
247wallst.com
Published Sep 26, 2026, 5:49 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 26, 2026, 6:04 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
A Former BlackRock Executive Calls Bitcoin an “Exit Asset” and Ethereum “the New Rails.” Bitwise Says the Opposite. — source image
Source · 247wallst.com
Decision brief

The 30-second read

$BTC-USDNeutralLow
01

Why it matters

ETF inflow trends and institutional positioning provide short‑term signals for crypto traders.

02

Market read

Provides fresh data on crypto ETF flows and divergent institutional views, useful for short‑term positioning in BTC, ETH, and SOL.

03

What to watch

Regulatory developments and network upgrades could quickly change institutional sentiment toward Ethereum.

Relevance 4/10Novelty 3/10Timing: recent week (Sep 21‑25)

Background

The article contrasts a former BlackRock executive’s bullish view on Ethereum with Bitwise’s research showing institutional caution.

Company-level read

Ticker impact

$BTC-USDNeutralMedium confidence
Context

Bitcoin is discussed as a store-of-value and its ETF inflows are reported, indicating institutional demand.

Expected impact

likely slight downside as weekly inflows decelerate

Evidence & confidence

ETF inflow data shows Bitcoin inflows falling after a peak, suggesting reduced buying pressure.

$ETH-USDNeutralMedium confidence
Context

Ethereum is highlighted as a speculative holding with recent ETF inflow strength and a bullish executive view.

Expected impact

potential modest upside if weekly inflows rise

Evidence & confidence

ETF inflows for Ethereum increased on Sep 25, indicating renewed interest despite overall caution.

$SOL-USDBearishLow confidence
Context

Solana is mentioned as a speculative institutional position that could be sold if growth fails.

Expected impact

downward pressure due to institutional sell‑off risk

Evidence & confidence

Institutions view Solana as a venture‑type bet and may exit if growth stalls.

Market effects

Sector

Highlights divergent institutional attitudes toward major crypto assets, affecting crypto‑fund flows.

Regional

U.S. spot crypto ETFs dominate the reported inflow data.

Global

Signals potential shift in how large institutions allocate to Bitcoin vs. Ethereum globally.

Counterpoint

What could challenge this read

Bitwise’s data suggests institutions treat Ethereum as a sell‑off risk, contradicting the bullish executive narrative.

Key entities

  • company
    SharpLink

    Ethereum‑treasury firm led by former BlackRock executive Joseph Chalom.

  • company
    Bitwise

    Asset manager that surveyed large institutions on crypto holdings.

Read at source← All news

Related articles

SEP 26
$BTC-USDMed

Bitcoin Reclaims $80,000 — Three Variables That Could Drive It to $100,000 by Year-End

Bitcoin has risen above $80,000, with some institutions targeting $100,000 by year-end. Key factors include U.S. interest rates, ETF inflows, and regulatory developments. August saw $3.52B in Bitcoin ETF inflows, while the CLARITY Act's defeat in Congress had minimal impact on prices. Analysts cite regulatory easing and 'Uptober' optimism as supportive trends.

finance.biggo.com3 min
SEP 26
$BTC-USDMed

Bitcoin ETFs turn positive for 2026 with $2.4 billion weekly inflow, their largest since October

U.S. spot bitcoin ETFs saw $2.4 billion in net inflows last week, their largest since October 2025, turning their 2026 net flows positive. Ether ETFs also reversed prior outflows with $690 million in inflows. BlackRock's IBIT led with $1.2 billion in inflows, followed by Fidelity's FBTC with $701.7 million. Analysts attribute the surge to Treasury buybacks. Cumulative net inflows for bitcoin ETFs since launch now stand at $57.6 billion.

theblock.co2 min
SEP 26
$SOL-USDMed

Solana Doubles Its Disinflation: Implications for SOL Supply

Solana validators approved a proposal to double the network's disinflation rate, reducing SOL issuance by 18.9 million over six years. The vote passed with 67.0% support, influenced by Kraken and Galaxy Digital. SOL is currently trading at $117, up 11% this week. The change will lower staking yields but has no immediate impact on supply.

247wallst.com3 min
SEP 26
$BTC-USDMedAI 8/10

$2.39 Billion In One Weekly: Institutional Investors Bet On Bitcoin Again?

US spot Bitcoin ETFs saw $2.39 billion in net inflows last week, with BlackRock's IBIT and Fidelity's FBTC leading inflows. Bitcoin's price fluctuated, briefly surpassing $87,000 before settling near $84,000. JPMorgan noted Bitcoin's move above $85,000 as significant for mining economics. ETF inflows persisted despite price volatility, indicating sustained demand for regulated Bitcoin products.

u.today2 min
SEP 26
$BTC-USDMed

Bitcoin ETFs Pull In a Record $2.39 Billion: Is There Real Demand Behind It?

U.S. spot Bitcoin ETFs saw record net inflows of $2.39 billion this week, though daily data suggests thinner buying. Inflows started at $998.95 million on Monday but fell to $134.47 million by Friday. Bitcoin's price dropped below $84,000 after a U.S. growth survey and rising Treasury yields. ETFs hold $108.42 billion in total assets. Despite mixed signals, long-term holders and large wallets continue to accumulate Bitcoin.

beincrypto.com2 min