CF Benchmarks' latest report indicates a significant divergence between Bitcoin price and global money supply growth. Since mid-2025, global M2 money supply has increased approximately 12%, while Bitcoin price has declined 35%. High interest rates and rising energy prices have limited capital inflows. Over the medium to long term, if the financial environment improves, Bitcoin price may have a rebound opportunity.

January 28 News, as the risk of a US government shutdown rapidly increases, the flow of safe-haven funds has shown a clear divergence. Gold prices continue to strengthen, while Bitcoin, often referred to as "digital gold," underperforms. Analysts point out that amid rising political uncertainty, gold has once again become the preferred asset for funds, while Bitcoin faces multiple structural pressures. Gabe Selby, Head of Research at CF Benchmarks, stated that concerns over the US federal government shutdown and fiscal outlook are exerting downward pressure on Bitcoin. He noted that Bitcoin still has positive factors in the short term, but these benefits are more related to political factors rather than traditional monetary easing logic. The market initially expected fiat currency devaluation to drive Bitcoin higher, but in reality, its performance has significantly lagged behind stocks and precious metals.

Gate News Bot Message, January 20th, according to CoinMarketCap data, as of press time, DOGE (Dogecoin) is trading at $0.13, up 1.33% in the past 24 hours, with a high of $0.15 and a low of $0.12. The 24-hour trading volume reached $1.151 billion. The current market capitalization is approximately $21.665 billion, an increase of $284 million from yesterday. ## Important recent news about DOGE: 1️⃣ **Spot ETF Launch Releases Incremental Capital Expectations but Actual Adoption Is Insufficient** 21Shares' spot Dogecoin ETF (Trading Code: TDOG) was listed on Nasdaq on January 14th, tracking the CF Dogecoin-Dollar US settlement price index, with a management fee of 0.50%. This product is aimed at traditional market investors

21Shares has officially submitted its final prospectus to the U.S. Securities and Exchange Commission. Its spot Dogecoin ETF will be launched for trading this week. The product has been approved for listing on Nasdaq under the trading symbol TDOG, marking a further expansion of compliant investment tools related to Dogecoin and adding a new case for product innovation in the crypto market in 2026. According to the disclosed 424B3 filing, TDOG tracks the spot Dogecoin price, referencing the CF Dogecoin-Dollar U.S. settlement price index, providing traditional market investors with a way to participate in Dogecoin price movements without directly holding the coin. The management fee set by 21Shares for this ETF is 0.50%, accrued daily, and settled weekly in DOGE. No fee waiver arrangements have been announced at this time.

The Nasdaq Crypto™ Index has been renamed to the Nasdaq CME Crypto™ Index, aiming to become the foundational tool for regulated crypto products, calculated by CF Benchmarks, using a publicly available compliant methodology to ensure transparency and compliance.

Odaily Planet Daily reports that Nasdaq has officially announced a partnership with CME Group to relaunch the original Nasdaq Crypto Index as the Nasdaq CME Crypto Index. The index is overseen by a joint governance committee and calculated by CF Benchmarks. It aims to promote the indexing and institutionalization of crypto assets, serving investors who seek exposure to digital assets today.

CF Benchmarks Research Director Gabe Selby predicts that Bitcoin prices will rise from the current $90,000 to $102,000 by 2026, driven by institutional buying and improving macroeconomic conditions. Falling labor costs will prompt the Federal Reserve to cut interest rates, benefiting risk assets. Currently, Bitcoin has retreated nearly 30% from its historical high, and institutional investors will be the main force in the future market.

Golden Finance reports that the licensed virtual asset management company Pando officially announced that its Ether ETF will be listed on the Hong Kong Stock Exchange on December 3, with the stock code 3085.HK. This ETF directly holds Ether and uses the CME CF Ether-Dollar Index (Asia-Pacific closing price) as the Benchmark. Hong Kong investors can use their existing securities accounts to trade through cash or physical subscription methods. The minimum trading unit is 100 shares, and the minimum subscription amount is 850 HKD.