Dogecoin Is a 'Dangerous Joke,' Says Bitwise CIO

May.12 -- Matt Hougan, chief investment officer of Bitwise Asset Management, discusses the launch of the Bitwise Crypto Industry Innovators ETF, which aims to provide investors with exposure to valuable public companies that are participants in the growing Bitcoin and cryptocurrency sector. He also says Dogecoin is a 'dangerous joke' and will go away eventually. Hougan speaks to Emily Chang on "Bloomberg Technology."