Trakx Digital Assets Newsletter
Weekly News for Institutional Investors
Key Crypto Market Figures
Crypto Tradable Indices (CTIs) Weekly Performance
For the 8th week in a row, digital assets are down: Fed interest rate hikes and Luna’s crash have deeply shaken up all cryptos and decentralised finance more specifically.
The worst performer this past week was the Trakx NFT Metaverse index (-12%) partly due to Ethereum Name Service negative performance (ENS -20%) despite good news on the adoption side (see the Cointelegraph news), while Axie Infinity (AXS), Enji (ENJ) and Audius (AUDIO) were all down by 12%.
Trakx Digital Inflation Hedge index remains an efficient way to diversify a digital portfolio as its return over the week is flat (-0.4%).
Sources: Coingecko and AlphaVantage
Market Trends
- Bear cycles are beneficial in market cycles according to crypto experts: Coinnounce
- Bitcoin shows signs of bottoming out after 9 weeks of losses: Coindesk
- Collapsed ‘stablecoin’ terra to be rebooted in attempt to recover losses: TheGuardian
- The luna cryptocurrency has been resurrected after its $40 billion collapse. It’s already crashing: CNBC
- Bitcoin reclaims $30,000 level as crypto market turns green: Decrypt
- Hedge fund manager Alan Howard explains why he’s investing across the entire crypto ecosystem: TheBlockCrypto
- JPMorgan backs bitcoin to rise 28% and says cryptocurrencies are now its preferred alternative asset: Yahoo Finance
Trakx News
- Ryan Shea has published its Roadmap to Utopia, a research paper about crypto regulation
- Lionel Rebibo is looking forward to chairing the cryptocurrencies panel at the Imperial College 14th annual hedge fund conference on Tue 7st June
- Gary Rebibo will be at Paris Crypto Day on Wed 1st of June STATION F
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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