Crypto Market Reaches All-Time High; First U.S. Bitcoin Futures ETF Fuels Rally
San Francisco • Nov 2, 2021
The Bitwise 10 Large Cap Crypto Index posted a gain of 37.32% in October on the back of the first approval of a bitcoin futures ETF in the U.S. The rally saw the crypto market reach a record market capitalization of $2.68 trillion during the month.
In this month’s Advisor Letter, our team explores the crypto market’s key performance metrics for October, 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 asset manager specializing in crypto and onchain finance with a nine-year track record and more than $14 billion in client assets. The firm’s suite of over 70 investment products—spanning ETFs, option income strategies, model portfolios, DeFi vaults, tokenized funds, and staking—helps investors access opportunities across the financial frontier. Bitwise serves more than 5,500 private wealth teams, RIAs, family offices, and institutional investors, as well as 21 banks and broker-dealers. The company is headquartered in San Francisco, with offices in New York and London.
