Crypto Market Review (Q3 2024)
San Francisco • October 9, 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.
Bitwise Asset Management is the largest crypto index fund manager in America. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. For seven years, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, and hedge fund strategies. Bitwise is known for providing unparalleled client support through expert research and commentary, its nationwide client team of crypto specialists, and its deep access to the crypto ecosystem. The Bitwise team of more than 90 professionals combines expertise in technology and asset management with backgrounds including BlackRock, Millennium, ETF.com, Meta, Google, and the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and has been profiled in Institutional Investor, Barron’s, Bloomberg, and The Wall Street Journal. It has offices in San Francisco, New York, and London.
Matt HouganChief Investment Officer
Ryan RasmussenHead of Research
Gayatri ChoudhuryQuantitative Investment Analyst
Juan LeonSenior Investment Strategist
Mallika KolarQuantitative Research Analyst
Alyssa ChooCrypto Research Analyst
André Dragosch, PhDDirector, Head of Research, Europe
Ayush TripathiResearch Analyst, Europe
