Bitwise CIO Matt Hougan cites Q3 data pointing to a 'crypto spring'

Bitwise chief investment officer Matt Hougan stated that Q3 may have been one of the best quarters in crypto history, driven by a sharp price rebound and growing onchain markets, signaling the start of a 'crypto spring.' Bitwise reported a 46.4% quarterly gain in its large-cap crypto index, supported by $6 billion in US spot Bitcoin ETF inflows, which returned year-to-date net flows to positive territory. During Q3, Bitcoin (BTC) gained 42.3%, Ether (ETH) rose 69.1%, and Solana (SOL) increased 59.2%, with all 10 constituents of the index posting double-digit gains, led by Chainlink (LINK) at 97.6%. Tokenized equities also rose 65.5% to nearly $3.2 billion, and open interest on decentralized perpetual futures hit a record near $26 billion.