Trakx Digital Assets Newsletter

Newsletters May 23, 2022

Weekly News for Institutional Investors

Key Crypto Market Figures

Crypto Tradable Indices (CTIs) Weekly Performance

Digital assets were down again last week, though levels have stabilised: Trakx Top 10 Crypto Index posted a -5% return. Despite the bear markets, The Diversifier Index has gained 12% over the week, thanks to Kyber Network (KNC+50%) - See the news Top Crypto: KNC posted 60% gains in the last seven days.

The Trakx Interoperability Index is the worst performer (-10%) partly due to Thorchain (RUNE -17%): In the aftermath of Luna’s collapse, THORChain is going to remove TerraChain, launches emergency withdrawals for staked terra (LUNA) and UST.

Sources: Coingecko and AlphaVantage
  • Do Kwon proposes Terra fork to ditch UST and ‘LUNA Classic’: Forkast
  • LUNA community rejects Terra hard fork proposal, Do Kwon remains on his stand: Voi
  • Tether pays out $10bn in withdrawals since start of crypto crash: TheGuardian
  • Lagarde says crypto is ‘worth nothing’ and should be regulated: YahooFinance
  • Ethereum co-founder Vitalik Buterin says the blockchain’s highly anticipated ‘merge’ will happen in August: Fortune
  • Decentralized Exchanges: good or bad choice?: Blockpit
  • Crypto as currency: managing your financial life using digital coins: CNBC
  • BNP Paribas joins JPM's blockchain network Onyx for fixed income trading: report: Coindesk

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