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Bitwise CIO Says Q3 Crypto Market Was Among Best Ever, Sees Start of New Bull Run

Bitwise CIO Says Q3 Crypto Market Was Among Best Ever, Sees Start of New Bull Run

  • Bitwise said the third quarter was one of the best periods in the history of the cryptocurrency market and that a new bull run, dubbed Crypto Spring, could be starting.
  • It said ETF flows and on-chain activity are improving at the same time, with its large-cap crypto index rising 46.4% in the third quarter and US spot Bitcoin ETFs posting about $6 billion in net inflows.
  • Bitwise said growth in tokenized assets and decentralized derivatives would likely continue in the fourth quarter, and that billions of dollars could flow into Ethereum and Solana if the SEC introduces an innovation exemption.

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Photo: Shutterstock
Photo: Shutterstock

The cryptocurrency market’s sharp rebound in the…

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