Trakx Digital Asset Newsletter

Newsletters Feb 21, 2022

Weekly News for Institutional Investors

Trakx.io offers highly advanced digital-asset investment products for institutional clients and sophisticated individual investors. These instruments, called Crypto-Traded Indices (“CTIs”) are available on the Trakx.io platform, which delivers the high degree of compliance, custody, and liquidity required by large investors. Trakx.io is a ConsenSys backed company.


Key Crypto Market Figures (Feb 21st)

Crypto Traded Indices (CTIs) Weekly Performance

This is the second week in a row with negative performance all across the board, this time reflected by the drop of the Crypto Fear and Greed Index, from 46 last week to 25 today. The geopolitical risk of Russia invading Ukraine has led investors to reduce their risk exposure and impacted all digital asset prices.

One of the worst performer is Trakx Centralised Exchange (-10%) partly due to Woo Network and crypto.com which showed negative performances of 14% and 25% respectively. All constituents of Trakx NFT Metaverse were down, while NFT marketplace OpenSea was investigating a phishing hack.

Sources: Coingecko and AlphaVantage

  • Bitcoin and Altcoins dip amid Russia, Ukraine uncertainty: CoinDesk
  • US Senator Cynthia Lummis, “The Federal Reserve should buy bitcoin”: Theblockcrypto
  • Circle, the company behind the USDC stablecoin, doubles valuation to $9 billion in updated SPAC deal: CNBC
  • State Street Survey: DeFi seen as biggest digital asset disruptor: LedgeInsights
  • Bitcoin renaissance likely in H2, Babel Finance: CoinDesk
  • Crypto price crash panic: serious NFT ‘Hack’ suddenly sends Bitcoin, Ethereum, BNB, Solana and Cardano sharply lower: Forbes
  • Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks: CoinTelegraph

Trakx News

  • Trakx published the article Fed Fear by Ryan Shea, Trakx crypto economist.
  • Trakx will delist the Top 10 Ethereum Index at the end of the month following a survey dated January 7, 2022, where most participants agreed that this index no longer fulfils its original value proposition.

Trakx CTIs Performance

Sources: Coingecko and AlphaVantage

*Return of bitcoin is calculated since 01/05/2020, while CTIs performances were calculated since their respective launch date.

Disclaimers: No Investment Advice. Index returns and statistics are for illustration only. Index returns do not reflect any transaction costs or expenses. Past performance does not guarantee future results. The information provided in this newsletter does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the newsletter content as such. Trakx.io does not recommend that any cryptocurrency should be bought, sold, or held by you. Readers shall conduct their own due diligence and consult their financial advisors before making any investment decisions.

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Caroline Jacquard

Seasoned marketing manager with 15+ years of experience in the financial industry: traditional finance, alternative investment and digital assets. Advisor @trakx.io