Trakx Digital Assets Newsletter

Newsletters Dec 12, 2022

Weekly News for Institutional Investors

Key Crypto Market Figures

Crypto Tradable Indices (CTIs) Weekly Performance

Crypto markets were relatively quiet over the past week. Bitcoin and Ether were essentially unchanged while the Trakx top 10 crypto index was off 1% due to a 17% pullback in Dogecoin. The meme-coin favoured by Elon Musk nearly doubled in the preceding fortnight amid speculation that it could become the native crypto for Twitter. However, leaks suggested a rival “Twitter coin” was under development. Profit-taking was also seen in the Trakx Interoperability index which lost 6%  last week. In terms of news, Sam Bankman-Fried continued to dominate media headlines having finally agreed to testify before the US House Committee on Financial Services on Tuesday. More fundamentally, a slew of central bank meetings are schedule for this week. The Fed, the ECB and the BoE are all expected to raise their key interest rates, but at a more moderate pace.

Sources: Coingecko and AlphaVantage

  • UK includes crypto assets in financial services reform package: Decrypt
  • Arthur Hayes: Bitcoin bottomed as 'everyone who could go bankrupt has gone bankrupt': Cointelegraph
  • Bankman-Fried ‘would give anything’ to start new business to repay FTX users: Guardian
  • GBTC discount nears 50%, crypto investors worry about another sell-off: BeinCrypto
  • A European central bank blog decries the end of bitcoin, and we aren’t buying it: Coindesk
  • Institutions are charging forward in crypto, even in the industry’s darkest days: CNBC

Trakx News

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.
**Includes simulated performance.
***The risk signal is determined according to the historical volatility level, the higher the riskier.

Trakx is a global fintech company creating new standards for digital asset investments. Through our trading platform, we offer thematic Crypto Tradable Indices (CTIs) and customised solutions, providing sophisticated investors a high degree of compliance, custody and liquidity. Trakx is registered with the French regulator (AMF).

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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Carole Laizet

Senior marketing manager with 15+ years of experience in the Financial Industry (traditional Banking as well as Crypto Assets). Responsible for market research @trakx.io