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

Based in San Francisco, Bitwise is one of the largest and fastest-growing crypto asset managers, offering both index and active strategies across a wide array of investment vehicles. The firm is known for creating the world’s largest crypto index fund (OTCQX: BITW), a suite of crypto-focused equity and futures ETFs, and investment products that span Bitcoin, Ethereum, DeFi, and NFTs. Bitwise focuses on partnering with financial advisors and investment professionals to provide quality education and research. The team at Bitwise combines expertise in technology with decades of experience in traditional asset management and indexing, coming from firms including BlackRock, Blackstone, Meta, and Google, as well as the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and asset management executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, and The Wall Street Journal.

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