Bitwise says Bitcoin's brutal nine-month downturn masks a stronger-than-ever foundation, arguing institutional adoption, corporate buying, and improving market infrastructure position the industry for a rebound despite record ETF outflows and weak sentiment.

Bitwise says Bitcoin's brutal nine-month downturn masks a stronger-than-ever foundation, arguing institutional adoption, corporate buying, and improving market infrastructure…

Q2 saw a 36% drop in crypto assets but a 23% gain in crypto equities. Top crypto apps earned $5.9B in revenue, while tokenized RWAs hit $33B.