Timely Insights

November Quiet Before Volatility Resumes

San Francisco • December 7, 2021

The Bitwise 10 Large Cap Crypto Index posted a loss of 1.40% in November as Bitcoin retreated from all-time highs reached earlier in the month. Along with a broad pullback in U.S. equity markets, crypto asset prices retreated sharply at the start of December in response to concerns about the Omicron variant outbreak and comments from U.S. Federal Reserve Chair Jerome Powell hinting that the bank will tighten monetary policy at a faster pace than previously expected.

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

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About Bitwise

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 six 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 60 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 and New York. For more information, visit www.bitwiseinvestments.com.

Author
  • Juan Leon

    Senior Crypto Research Analyst
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