Bitwise reports crypto equities outperformed most major asset classes in H1 2026, while tokenized RWAs reached $33 billion in Q2.
Macro & Markets ·
Bitwise reported that crypto equities advanced 23% during the first half of 2026, outperforming all major asset classes except emerging markets, according to analysis from the firm. The divergence reflects a broader market dynamic in which crypto assets themselves fell 36% over the same period, highlighting the performance gap between underlying digital currencies and equity instruments tied to the sector.
Tokenized real-world assets reached $33 billion in Q2, marking a record milestone for the emerging asset class. The metrics suggest a bifurcated market environment where traditional equity exposure to crypto businesses outpaced both broader crypto asset performance and many conventional investment categories.
The data does not specify which crypto equities or firms drove the gains, nor does it clarify whether the $33 billion in tokenized RWAs reflects a sustained trend or near-term momentum. The comparison's scope—excluding only emerging markets—underscores relative strength, though absolute returns and volatility across the asset classes remain unspecified.