Bitwise reported that its large-cap crypto index grew by 46.4% in the third quarter. The firm noted $6 billion in inflows into US spot Bitcoin ETFs, which pushed year-to-date net flows into positive territory.
Onchain market activity showed significant growth, with the value of tokenized equities rising 65.5% to nearly $3.2 billion. Open interest on decentralized perpetual futures reached a record near $26 billion.
Quarterly performance for major assets included a 42.3% gain for Bitcoin, 69.1% for Ether, and 59.2% for Solana. All 10 assets in the Bitwise large-cap index saw double-digit growth, led by Chainlink at 97.6%.
Conversely, shares of Bitcoin miners Riot Platforms and Hut 8 declined by 26.4% and 25.4% respectively. Galaxy Digital shares fell 16.8% during the same period.
Bitwise expects the SEC innovation exemption to drive billions in tokenized assets onto blockchains like Ethereum, Solana, and NEAR in the fourth quarter. Trading volume in perpetual futures reached over $6 trillion year-to-date, a 42% increase from the previous year.
