Crypto Jumps 14.61%, Climbing a Wall of Worry
San Francisco • Aug 20, 2021
The Bitwise 10 Large Cap Crypto Index rebounded from a difficult May and June to post a strong 14.61% gain in July. The movement came despite continued concerns about the regulatory pressures facing the crypto industry, with the market “climbing a wall of worry.”
In this month’s Advisor Letter, our team explores the crypto market’s key performance metrics for July, reviews the most relevant news from the past month, and highlights a single chart that helps gauge the health of the market.
READ FULL ANALYSISBitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 30 crypto investment products spanning ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The firm has an eight-year track record and today serves more than 4,000 private wealth teams, RIAs, family offices and institutional investors as well as 15 banks and broker-dealers. The Bitwise team of over 100 technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.
