Bitcoin just hit a two-week low this week and there are signs that headwinds are growing. The new Fed chair's policy plans have cast some doubt on the “debasement trade” believers — those who look to gold, silver, and Bitcoin as protection when government spending and deficits weaken the dollar.
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The Sub-Adviser operates with a distinct focus on the burgeoning crypto asset and blockchain sectors. Their investment strategy is concentrated on generating returns by engaging in a blend of direct and indirect investments across a carefully curated portfolio. This includes equity securities of companies actively involved in the crypto asset and blockchain industries, whether they are based domestically or abroad. By leveraging a mix of exchange-traded funds (ETFs) concentrating on bitcoin and ether futures, specific futures contracts on these cryptocurrencies, and exchange-traded products (ETPs) that base their value on bitcoin or ether, the Sub-Adviser crafts a sophisticated investment product aimed at capitalizing on the growth and innovation within these cutting-edge fields. Their fund is categorized as non-diversified, indicating a targeted investment approach that may involve higher risks and potentially higher returns due to the concentration in a specific industry segment.
Investments are made in the equity of companies that operate within the crypto asset and blockchain industries. This includes both foreign and domestic companies that are pioneering the development, application, or advancement of blockchain technology and the use of crypto assets.
These are exchange-traded funds that focus primarily on holding futures contracts on significant cryptocurrencies like bitcoin and ether. The strategy aims to leverage the performance of these digital assets without direct exposure to the assets themselves, providing a different risk profile compared to holding cryptocurrencies directly.
Dedicated investments in bitcoin and ether futures contracts aim to speculate on the future prices of these cryptocurrencies. By engaging in futures contracts, the Sub-Adviser seeks to benefit from the price movements of bitcoin and ether, adding a layer of financial derivatives to their investment approach.
These exchange-traded products are designed to hold bitcoin or ether as a reference asset. They provide a structured product that tracks the price movements of either bitcoin or ether, offering investors a way to participate in the performance of these leading cryptocurrencies through a regulated exchange mechanism.