{
  "id": 14352888,
  "title": "Bitwise’s Hougan says Q3 charts point to ‘crypto spring’",
  "url": "https://urgent.news/2026/10/14/bitwises-hougan-says-q3-charts-point-to-crypto-spring",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T02:19:56.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitwises-hougan-says-q3-charts-point-to-crypto-spring"
  },
  "original_language": "en",
  "account": "Bitwise's chief investment officer, Matt Hougan, contends that Q3 was one of the strongest quarters in crypto history due to a surge in fundamental indicators. According to Bitwise's Q3 market review, the firm's large-cap crypto index rose by 46.4%, with $6 billion in inflows into US spot Bitcoin ETFs, bringing year-to-date net flows into positive territory. This positive momentum extended beyond cryptocurrency prices, with tokenized equities soaring 65.5% to nearly $3.2 billion, and open interest on decentralized perpetual futures reaching a record $26 billion, with a growing portion tied to assets like stocks, commodities, foreign exchange, and pre-IPO shares. Hougan noted that all 10 constituents of the firm's large-cap crypto index experienced double-digit quarterly gains, with Chainlink posting the highest percentage increase at 97.6%. While Bitcoin (BTC) surged 42.3% and Ethereum (ETH) and Solana (SOL) climbed 69.1% and 59.2%, respectively, shares of Bitcoin miners Riot Platforms and Hut 8 declined 26.4% and 25.4%, respectively, along with Galaxy Digital's 16.8% drop. The number of public companies holding Bitcoin and Ether saw a slight decline, while those holding tokenized equities increased. Despite these gains, Bitwise's large-cap crypto index remains down 6.2% year-to-date. Looking ahead, Bitwise anticipates the SEC's innovation exemption to draw more tokenized assets onto blockchains and expects the perpetual futures market to accelerate with more than $6 trillion in trades year-to-date, particularly as US investors engage.",
  "summary": "Bitwise’s Matt Hougan said nearly every fundamental indicator that Bitwise tracks spiked sharply higher.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}