Research

Crypto Market Review (Q3 2024)

San Francisco • Oct 9, 2024
Crypto Market Review (Q3 2024)

If you were looking for evidence of crypto going mainstream, Q3 2024 brought the goods.

During the quarter: 

  • Ethereum ETPs launched in the U.S., with new issuers gathering billions in inflows

  • Bitcoin ETPs attracted billions more, bringing 2024 inflows above $18 billion

  • One of the largest U.S. wirehouses approved spot bitcoin ETFs for wealthy clients

  • Crypto-fueled prediction market Polymarket exploded in popularity

  • Crypto’s role in politics took on unprecedented weight: All presidential candidates voiced support for digital assets; policymakers announced plans for a strategic bitcoin reserve; and the GOP added crypto to its official party platform

  • PayPal, Venmo, and Mastercard each invested in projects to make it easier for everyday consumers and businesses to transact in crypto

For more color on these and other big Q3 stories, check out the latest Bitwise Crypto Market Review, an easy-to-scan collection of more than 70 charts and tables. Together they shed light on the most intriguing data from a quarter that saw crypto move further from the edges to the center.

Download the Full Report

Access this report for key data points that shaped crypto markets in recent months.

About Bitwise

Bitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 30 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 125 technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.

Authors
  • Matt Hougan
    Matt HouganChief Investment Officer
  • Ryan Rasmussen
    Ryan RasmussenHead of Research
  • Gayatri Choudhury
    Gayatri ChoudhuryAssociate Portfolio Manager, Volatility and Alpha Strategies
  • Juan Leon, CFA
    Juan Leon, CFASenior Investment Strategist
  • Mallika Kolar
    Mallika KolarQuantitative Research Analyst
  • Alyssa Choo
    Alyssa ChooCrypto Research Analyst
  • André Dragosch, PhD
    André Dragosch, PhDDirector, Head of Research, Europe
  • Ayush Tripathi
    Ayush TripathiResearch Analyst, Europe
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