Trakx Digital Asset Newsletter

Weekly News for Institutional Investors

Trakx offers sophisticated digital investment strategies for institutional investors and experienced traders. We do that by providing digital asset index products on a platform with compliance, custody, and liquidity needed by large investors.

Crypto Traded Indices (CTIs) Weekly Performance

Another down week for crypto markets: Trakx Top 10 Crypto dropped by 15% over the week. Both Bitcoin and Ethereum were hit on Wednesday, following the Fed’s December meeting indicating the US Federal Reserve will reduce its balance sheet. On top of less accommodating US monetary policy, Kazakhstan internet blackout is also weighting on crypto prices as Kazakhstan is the world’s second-largest bitcoin mining hub.

NFT Metaverse (-20%) was the worst crypto index with Ethereum Name Service (ENS) down by 32%.

Sources: Coingecko and AlphaVantage

Market Trends

• Bitcoin slumps to a three-month low as cryptocurrencies extend losses: CNBC
• Bitcoin price slumps as nationwide internet blackout hits crypto miners: Euronews
• Here's why the unrest in Kazakhstan is wreaking havoc on crypto and commodity markets: MarketInsider
• Bitcoin prices fall to lowest in months after US Fed remarks: BBC
• Crypto makes history in 2021: Five instances of governments embracing digital assets: CoinTelegraph
• PayPal is exploring creating its own stablecoin as crypto business grows: Coindesk

Spanish deputy suggests Spain might attract Kazakhstan miners: Bitcoin.com

Trakx News

• The Trakx “Top 10 NFT" Index has been renamed to “NFT Metaverse” to reflect the evolution of the market segment and the constituents of the index. NFT and Metaverse universes are intertwined and their main use cases are gaming, art, collectible, fashion, and wearable.
• Release of the latest CTI factsheets: Crypto Traded Indices performance

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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