The investment objective of the Fund is to offer the beta exposure of Bitcoin with a predefined volatility level of 14% over time. The fund will only invest in two assets; Spot Bitcoin and a US dollar equivalent stable coin (USDC or other stablecoins pegged to the value of the US dollar). In support of this objective, the Manager will rebalance the assets of the Fund on a weekly basis. In doing so, the Fund aims to match the equivalent volatility of equity market investments, whilst maintaining the statistical properties of the beta of Bitcoin in a portfolio.
Based on: (i) simulated backtest data (Jan 31, 2013 - Sep 21, 2021) and (ii) actual net performance of the fund (Sep 21, 2021 - Feb 28, 2022), the fund has returned -0.73% YTD. Over that timeframe and those data it has had an Annualised Return of 26.34%; on Annualised Vol of 18.65%; with a Sharpe Ratio of 1.25; and a Sortino Ratio of 3.47. Its Best Monthly Gain has been 29.41%, while its Worst Monthly Loss has been -9.03%. Its Max Drawdown has been -22.26%.
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