Crypto fund's unlikely strategy: Taking on Bitcoin and S&P 500 returns
A crypto fund is buying up Bitcoin at a major discount in a high-risk, high-return game. What are the odds of outperforming BTC itself? Bitcoin has been one of the best-performing assets on the planet since its launch in 2009. The digital coin rose nearly 9 million percent in price between 2010 and 2019. Simply holding or averaging into Bitcoin (BTC) positions yields a certain profit benchmark. Finding an investment or trading strategy that outpaces Bitcoin's performance can prove difficult, but a financial fund known as Off The Chain Capital has claimed to do just that. The fund has also....
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Are you a young investor who is new to investing? Or are you an experienced investor who needs assistance in analyzing the existing portfolio? Either way, Nord Finance has some news for you! Nord Finance, a company whose sole mission is to make Decentralized Finance more accessible, launched its much-awaited product, Nord Advisory, on the 9th of August 2021! The product Nord Advisory, which works on DeFi in a non-custodial and permissionless way, gives users the power to control their digital assets. Additionally, it has moved one step forward in making investing more than just buying and....
The asset manager said it would purchase “exchange-traded protective put options" and write "exchange-traded call options on Bitcoin futures and/or a Bitcoin related ETF or ETFs.” Asset manager Simplify has filed a registration statement with the United States Securities and Exchange Commission to list shares of an exchange-traded fund linked to Bitcoin futures, Treasury securities, and options.In a Wednesday filing, Simplify applied with the SEC for an investment vehicle based on a Bitcoin (BTC) futures strategy, an income strategy, and an option overlay strategy. The Bitcoin Strategy....
In July, a hedge fund in Jersey issued a press release announcing that it had become the first regulated fund to deal in bitcoin. The Jersey fund, called Global Advisors Bitcoin Investment Fund (GABI), later said it was seeking $200m in assets under management. In subsequent months, mentions of GABI have been regularly prefaced by its status as the first regulated bitcoin hedge fund by everyone from the BBC to Newsweek. Now another hedge fund is challenging GABI's claim. Crypto Currency Fund, managed by Timothy Enneking, says that it, not GABI, should rightfully be referred to as the....
Digital currency investment company BitAge Corporation has guaranteed up to 340% returns from its Bitcoin investment fund. The Panama company, which has already attracted investments worth over $1 million from around the globe, offers a number of investment plans — each catering for investors of varying financial calibre. For instance: its lowermost plan requires investors to invest a deposit between $10 and $299 (0.03-0.8979 BTC), which promises to yield up to 121% total return; whilst its topmost plans — as stated above — promises up to 340% returns out of the investment between $15,000....