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Foresight News reported that Bitwise has announced the launch of the Bitwise Proficio Currency Debasement ETF, ticker symbol BPRO, on the New York Stock Exchange (NYSE). This fund is an actively managed investment strategy that invests in assets that benefit from the decline in purchasing power of global fiat currencies, including gold, bitcoin, silver, other precious metals, and mining stocks.Bitwise stated that since 2006, the purchasing power of the US dollar has declined by 40%, and US debt is approaching $40 trillion, with debt interest payments for the 2026 fiscal year exceeding $1 trillion. BPRO aims to provide investors with a way to hedge against the risks of rising deficits and currency issuance by investing in anti-debasement assets that are difficult to inflate or manipulate. The fund is launched in partnership between Bitwise and Proficio Capital Partners, which manages $5 billion in assets. The fund will not invest directly in crypto assets, but will gain indirect exposure by investing in Crypto ETPs.

BlockBeats News, January 22, the on-chain IPO issuance platform Superstate completed a $82.5 million Series B financing round, led by Bain Capital Crypto and Distributed Global, with participation from Haun Ventures, Brevan Howard Digital, Galaxy Digital, Bullish, ParaFi, and several other cryptocurrency-focused investors. Superstate will further expand into the on-chain capital market, using blockchain technology to innovate the way companies raise funds and go public.

Tokenization company Superstate has completed a $82.5 million financing round and plans to bring IPOs and fundraising to blockchain platforms such as Ethereum and Solana.