Timely Insights

Crypto Market Retreat Continues; Volatility Drops

San Francisco • July 7, 2021

The Bitwise 10 Large Cap Crypto Index fell 10.1% in June, continuing May’s sharp 28.6% decline. Lingering concerns about the impact of China’s recent crackdown on bitcoin mining, as well as nervous anticipation of a coming regulatory push on crypto from D.C., weighed on the market.

In this month’s Advisor Letter, our team explores the crypto market’s key performance metrics for June, reviews the most relevant news from the past month, and highlights a single chart that helps gauge the health of the market. 


About Bitwise

Based in San Francisco, Bitwise is one of the largest and fastest-growing crypto asset managers. As of year-end 2021, Bitwise managed $1.3 billion across an expanding suite of investment solutions. The firm is known for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning Bitcoin, Ethereum, DeFi, and crypto-focused equity indexes. Bitwise focuses on partnering with financial advisors and investment professionals to provide quality education and research. The team at Bitwise combines expertise in technology with decades of experience in traditional asset management and indexing, coming from firms including BlackRock, Blackstone, Meta, and Google, as well as the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and asset management executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, and The Wall Street Journal.

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