Crypto Surges; Bitwise 10 Now up 108% Year-to-Date
San Francisco • Sep 7, 2021
The Bitwise 10 Large Cap Crypto Index continued the rebound that began in late July, posting a strong 26.24% gain in August. The rise was led by Ethereum competitors Solana (SOL) and Cardano (ADA), which rose 233.57% and 113.27%, respectively.
In this month’s Advisor Letter, our team explores the crypto market’s key performance metrics for August, 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 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.
