THE BLOCK: Bitwise has launched the Bitwise NEAR ETF solana:7ukDd3E3PSupATuK4yvJ49jyZr8nNrkXKcq8pioiq98F, the first U.S. spot exchange-traded product providing direct exposure to near:native, with trading beginning Tuesday on NYSE Arca. The fund charges a 0.75% annual management fee and is designed to stake its NEAR holdings, allowing investors to receive staking rewards in addition to exposure to the token's price.

Nobody at this youth football game seems to know that @solana traded at its highest price since January yesterday. How do people live like this? solana:So11111111111111111111111111111111111111112 https://t.co/g6yCYP1lsg

“The GPU is the most important commodity of our decade. But if you bought a single chip, you couldn’t get a loan against it.” — @0xZergs @USDai_Official — a stablecoin backed by the GPUs powering AI — is one of three real-world assets accepted as collateral in the Bitwise Premium RWA Vault on @Morpho. David Choi, CEO of @PermianLabs, in conversation with @0x_JMan:

“The GPU is the most important commodity of our decade. But if you bought a single chip, you couldn’t get a loan against it.” — @0xZergs @USDai_Official — a stablecoin backed by the GPUs powering AI — is one of three real-world assets accepted as collateral in the Bitwise Premium RWA Vault on @Morpho. David Choi, CEO of @PermianLabs, in conversation with @0x_JMan:

Andy's bags are getting institutional. @AsadIshmael from @Bitwise says advisors and multi-million dollar international clients are now asking how to allocate into $PUMP, $HYPE, and $ZEC. He calls it a super bullish signal. https://t.co/JJpKDx4Pxn

Bitwise Premium RWA Vault (PAPY) now ~$8,000,000 in deposits. Delighted to get to help stablecoin holders participate in Real-World yield.

Hear directly from the founder of one of the leading RWA creators. Onchain finance is in full swing.

"There's about $30 trillion a year financing global payments. We're bringing that onchain." — @0xErbil PST by @humafinance — backed by short-duration cross-border payment financing for institutions — is one of three real-world assets accepted as collateral in the Bitwise Premium RWA Vault on @Morpho. Huma co-founder Erbil Karaman discusses PST, PayFi, and the three things missing in RWAs today with Bitwise’s @0x_JMan:

"There's about $30 trillion a year financing global payments. We're bringing that onchain." — @0xErbil PST by @humafinance — backed by short-duration cross-border payment financing for institutions — is one of three real-world assets accepted as collateral in the Bitwise Premium RWA Vault on @Morpho. Huma co-founder Erbil Karaman discusses PST, PayFi, and the three things missing in RWAs today with Bitwise’s @0x_JMan:

LATEST: 📊 Bitwise launched PAPY, a vault on Morpho that lends Agora's AUSD stablecoin against tokenized RWAs, targeting a 5-6% variable APY. https://t.co/7KUJfb74FP

LATEST: 📊 Bitwise launched PAPY, a vault on Morpho that lends Agora's AUSD stablecoin against tokenized RWAs, targeting a 5-6% variable APY. https://t.co/7KUJfb74FP

PAPY, the Bitwise Premium RWA Vault, launches today! Finance is coming onchain. As part of that, RWAs are bringing “Real-World” yield onchain.  Now with PAPY, we’re making that available as yield sources to stablecoin holders — https://t.co/iNeqVxTxvK

Real-world yield meets premier institutional curation. Great to see another premium RWA vault feature PST as an anchor tenant. Excited for the partnership w/ @Bitwise @withAUSD and @Morpho! Onward! Huma Nation!

Real-world yield meets premier institutional curation. Great to see another premium RWA vault feature PST as an anchor tenant. Excited for the partnership w/ @Bitwise @withAUSD and @Morpho! Onward! Huma Nation!

"A dollar is worth a dollar. If you're subscribing into RWAs and losing basis points on every transaction, that's not tenable." — @Nick_van_Eck @withAUSD is the deposit asset for the Bitwise Premium RWA Vault on @Morpho. It's fully backed by U.S. T-bills, overnight and reverse repo, and other liquid assets. In conversation with @0x_JMan:

"A dollar is worth a dollar. If you're subscribing into RWAs and losing basis points on every transaction, that's not tenable." — @Nick_van_Eck @withAUSD is the deposit asset for the Bitwise Premium RWA Vault on @Morpho. It's fully backed by U.S. T-bills, overnight and reverse repo, and other liquid assets. In conversation with @0x_JMan:

Excited to introduce $PAPY, the Bitwise Premium RWA vault. $PAPY is a @Morpho vault that accepts @withAUSD deposits. AUSD liquidity is programmatically provided to overcollateralized lending markets backed by RWA’s. The initial set of RWA lending markets are backed by @humafinance PST, @hastrafi PRIME and @USDai_Official sUSDai. Onchain finance is just getting started and @Bitwise is here to meet the moment. Let’s go!

Introducing the Bitwise Premium RWA Vault on Morpho. AUSD deposits. Allocated to lending markets on Morpho. Collateralized by RWA assets selected by Bitwise: PST, PRIME, and USDai. Target APY: 5-6%. For more information, visit https://t.co/s3lpIe9yBQ. https://t.co/NobRNwAuHS

Introducing the Bitwise Premium RWA Vault on Morpho. AUSD deposits. Allocated to lending markets on Morpho. Collateralized by RWA assets selected by Bitwise: PST, PRIME, and USDai. Target APY: 5-6%. For more information, visit https://t.co/s3lpIe9yBQ. https://t.co/NobRNwAuHS

Bitwise’s first curated vault on Morpho is live! @Bitwise brings deep experience from both traditional finance and digital assets into curation, opening the door to more diverse vaults on Morpho.

PAPY, the Bitwise Premium RWA Vault, launches today! Finance is coming onchain. As part of that, RWAs are bringing “Real-World” yield onchain.  Now with PAPY, we’re making that available as yield sources to stablecoin holders — https://t.co/iNeqVxTxvK

Doubling down on vaults. @Bitwise just launched its first Morpho Vaults as a curator.

I’ll be at the @rwasummit today and tomorrow. You bet I’ll be talking about ATPs. 🦇♾️

THE BLOCK: Bitwise's Solana staking ETF (BSOL) has surpassed $1 billion in assets under management, becoming the first Solana ETF to reach the milestone roughly 10 months after launch. The broader solana:So11111111111111111111111111111111111111112 ETF category has attracted $1.7 billion in cumulative inflows, with no sustained period of outflows despite a sharp market downturn earlier this year.

The phase of building actual value creation for people around the world is finally here. RWA tokenization is inevitable. World-class trading for all markets is inevitable. Growing stablecoin adoption is inevitable. Hype is gone. Product quality matters for the first time and we couldn’t be more excited.

Huma and @Bitwise co-hosted Institutional Liquidity Dinner during @ethconf, bringing together institutional leaders, builders, and operators working at the forefront of onchain finance, PayFi, and stablecoins. The room included @0xFluid, @Tether, @Chainlink, @Turtledotxyz, @Upshift_fi, and SBI Group. One thing was clear: Institutional adoption of stablecoins for treasury, payments, and settlement has moved from conversations to execution. Conversations around digital assets has never felt more optimistic and urgent. The infrastructure for global onchain finance isn't built alone. Rooms like this are where it starts. Thank you to everyone who joined, and to the @Bitwise team for making it happen together.

This is what it looks like when institutional-grade asset management meets onchain utility! Not as a concept, but as a live, working product USCC tokens are accepted as collateral on Aave, Kamino, and Morpho: investors can borrow stablecoins against their position w/o selling

This is what it looks like when institutional-grade asset management meets onchain utility! Not as a concept, but as a live, working product USCC tokens are accepted as collateral on Aave, Kamino, and Morpho: investors can borrow stablecoins against their position w/o selling

Introducing the Bitwise Crypto Carry Fund (USCC)—a $259 million tokenized fund* built to provide yield through a market-neutral “crypto basis” strategy. Current annual yield: 4%. Powered by Superstate FundOS. Available to qualified purchasers. More color on USCC: - Runs a market-neutral basis-trade strategy: Holds crypto assets like BTC, ETH, SOL, and XRP and sells those assets’ futures contracts to generate yield from the difference - Tokens accepted as collateral in major DeFi markets including Aave, Kamino, and Morpho—gives investors ability to borrow stablecoins against positions - Originally created by @SuperstateInc in 2024. Today Bitwise takes over investment management of the fund; Superstate will continue to run its onchain infrastructure. - Bitwise’s first-ever tokenized fund USCC couples Superstate’s best-in-class infrastructure with Bitwise’s long track record in crypto asset management. Thrilled to partner with a true onchain pioneer to continue expanding access to the full range of opportunities in crypto. Interested? Send us a message here or go to https://t.co/Ov8wMFWRcz *As of June 1, 2026

Introducing the Bitwise Crypto Carry Fund (USCC)—a $259 million tokenized fund* built to provide yield through a market-neutral “crypto basis” strategy. Current annual yield: 4%. Powered by Superstate FundOS. Available to qualified purchasers. More color on USCC: - Runs a market-neutral basis-trade strategy: Holds crypto assets like BTC, ETH, SOL, and XRP and sells those assets’ futures contracts to generate yield from the difference - Tokens accepted as collateral in major DeFi markets including Aave, Kamino, and Morpho—gives investors ability to borrow stablecoins against positions - Originally created by @SuperstateInc in 2024. Today Bitwise takes over investment management of the fund; Superstate will continue to run its onchain infrastructure. - Bitwise’s first-ever tokenized fund USCC couples Superstate’s best-in-class infrastructure with Bitwise’s long track record in crypto asset management. Thrilled to partner with a true onchain pioneer to continue expanding access to the full range of opportunities in crypto. Interested? Send us a message here or go to https://t.co/Ov8wMFWRcz *As of June 1, 2026

$69.75, ATH Hyperliquid in price discovery territory now — Big few weeks of US capital markets, at the highest levels, realizing the breakthrough of perps and this powerful new platform. https://t.co/K7ShxKP79R

How Upshift Clear enables RWA holders to instantly redeem: 1. LPs deposit USDC to the vault 2. Idle USDC is swept into blue-chip @Morpho markets to generate yield 3. RWA holders e.g. USCC by @SuperstateInc can redeem instantly for USDC, paying a small fee e.g. 0.5% 5. USDC is pulled from Morpho back into the vault contract for redemptions 4. LPs earn redemption fees on top of lending yield

Anyone who is anyone is at @blockworksDAS today. On stage: - Keynote @ 2pm: State of Bitcoin Onchain - Panel at 2:20pm with some heavy hitters: @HHorsley (@Bitwise) @PaulFrambot (@Morpho) Justin Brill (@Anchorage) From the Lombard team, you'll find @donoxbt & @btc_theodore as well.

The architecture behind institutional crypto products. Hong Kim (@hongkim__), Co-founder & CTO at @Bitwise, will share perspectives on building institutional-grade digital asset products and the technology powering modern onchain investing. He recently led Bitwise’s launch of its own vault on Morpho, bringing firsthand vault-building experience to the stage.

1) Today I attended the Ondo Summit 2026 to hear about the latest in tokenization Ondo, a leader in this space, is at the frontier of bringing tokenization mainstream At their second ever annual summit, they revealed new products, their vision, and outlook My takeaways 👇 🧵 https://t.co/alf1xOM0zO

Great piece on Vaults in Bloomberg today by @MuyaoShen — Bitwise, Morpho, Gauntlet, and Steakhouse all weighed in. “People want yield,” said Jonathan Man, portfolio manager and head of multi-strategy solutions at Bitwise, which just launched their first vault. “They want their assets to be productive. And the vault is just another way to deliver that.” Finance is moving onchain.

Probably no part of the industry where more is happening than in DeFi right now! Everything on-chain and tokenized is having a hell of a month! 🫡 → @BitwiseInvest bringing their asset management prowess on-chain by becoming a curator on @Morpho vaults with @0xChaosWalking at the helm. @Matt_Hougan predicted on-chain vaults to double in AUM this year 👀 → @krakenfx launched their DeFi Mullet Earn product with @veda_labs giving up to 8% APY to their users. → The @NYSE announced plans for a 24/7 blockchain-based tokenized exchange for stocks and ETFs, set to launch later in 2026. → @Dreamcash launching HIP-3 RWA perpetual markets on @HyperliquidX with @tether and @SeliniCapital, exclusively paired with @USDT0_to. → Also, @sonyasunkim & @3f_romeo launching the first @3f_xyz USDC RWA Vault on Morpho, offering yields from institutional-grade RWAs and crypto assets. Excited for this project! What did I miss?

Probably no part of the industry where more is happening than in DeFi right now! Everything on-chain and tokenized is having a hell of a month! 🫡 → @BitwiseInvest bringing their asset management prowess on-chain by becoming a curator on @Morpho vaults with @0xChaosWalking at the helm. @Matt_Hougan predicted on-chain vaults to double in AUM this year 👀 → @krakenfx launched their DeFi Mullet Earn product with @veda_labs giving up to 8% APY to their users. → The @NYSE announced plans for a 24/7 blockchain-based tokenized exchange for stocks and ETFs, set to launch later in 2026. → @Dreamcash launching HIP-3 RWA perpetual markets on @HyperliquidX with @tether and @SeliniCapital, exclusively paired with @USDT0_to. → Also, @sonyasunkim & @3f_romeo launching the first @3f_xyz USDC RWA Vault on Morpho, offering yields from institutional-grade RWAs and crypto assets. Excited for this project! What did I miss?

.@BitwiseInvest, a global crypto asset manager with $15B+ in client assets, is joining the Morpho network as a curator. A key theme in Bitwise’s 2026 predictions: onchain vaults would see assets under curation double this year. Now, they're backing that thesis on Morpho. https://t.co/nltfQ6r1P4

Some are saying that this index ad is evidence Fartcoin lives in @Matt_Hougan's head rent-free. He's currently being made the butt of many jokes.

Because Fartcoin shouldn’t be the only asset in your portfolio. https://t.co/yLhHDcX17v

One Hour for today left.. $44.63Million Total Bitwise pulls ahead, looking like the winner today. Amazingly, REX-Osprey pulls out some big late day volume to catch up with Franklin, a close battle between all three now! https://t.co/5zo0ubA9mi

Coinbase’s ICO platform “fixes” a lot of the access issues rampant in token launches. It also adds (somewhat arbitrary) parameters to disincentivize quick flippers. AND YET: It does little to fix the bigger issue with tokens. How to ensure these assets have rights + rewards for holders

Great post on perp dexes & yesterday's liquidationfest: "DeFi was largely saved by two factors. 1) Most DeFi protocols only accept blue chip assets such as BTC and ETH as collateral. 2) Major lending protocols such as Aave and Morpho hardcoded USDe’s price to $1."

LIVE from @Aptos HQ right now → Bitwise Aptos ETF in motion. → 2 products in building stage. → Fastest blocktime in the Industry (sub-100ms). → YoY Growth: RWA 300%+; TVL 700%+; Stablecoin Volume: 4,000%+ → Community is on 🔥. Global Trading Engine

and @vaneck_us's $NODE is not the only one crushing it. Adding @BitwiseInvest's $BITQ, @AmplifyETFs' $BLOK, and @CharlesSchwab's $STCE -- you can see the trend. They're all shooting the lights out vs SPX & BTC since May https://t.co/mT1yDxGEi8

With @pumpdotfun taking back its market leading position, directing its revenue into buying back its token, and fast money having sold, PUMP looks to be primed for a rally.