Bitwise — Crypto Market Review 2026 paper
Overview
The Crypto Market Review is a quarterly research publication from Bitwise Asset Management that summarises price performance, fund flows and on-chain activity across the digital asset market. The 2026 editions documented a sustained drawdown: the Bitwise 10 Large Cap Crypto Index fell 15.4% in the second quarter of 2026, bitcoin dropped below $60,000 in June 2026, and spot bitcoin ETFs recorded their largest quarterly outflows on record. The reviews also flagged areas of growth, including record prediction-market volume and growth in tokenized real-world assets, and Bitwise CIO Matt Hougan's argument that industry fundamentals continued to strengthen despite falling prices. The reports are published free on Bitwise's website as PDFs.
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Frequently asked questions
Who publishes the Crypto Market Review?
Bitwise Asset Management publishes it as a quarterly research report on its website.
What did the Q2 2026 review report for the Bitwise 10 Large Cap Crypto Index?
The index fell 15.4% in the quarter, with eight of its ten constituents ending in the red.
What did the 2026 reviews say about spot bitcoin ETFs?
They reported that spot bitcoin ETFs shed billions of dollars, recording their worst quarter of outflows on record.
Sources
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