Trakx Digital Assets 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 the compliance, custody and liquidity needed by large investors.
Crypto Traded Indices (CTIs) Weekly Performance
While bitcoin and Ether were stabilising around their all time highs, Trakx Centralised Exchanges and Trakx Diversifier were the best performers of the week, with all their constituents strongly positive. We notice, in particular, the performance of Binance (BNB +63%), Voyager (VGX +51%) and Iotex (IOTX +67%).
Sources: CryptoCompare and AlphaVantage
Market Trends
- Bitcoin hits record as US financial giants embrace cryptocurrency: Financial Times
- BNY Mellon to offer bitcoin services, a validation of crypto from a key bank in the financial system: CNBC
- Uber Is Considering Using Bitcoin as a Form of Payment: Coingape
- Elon Musk’s Bitcoin Binge Moves Tesla Toward Fraud Territory: Medium
- ‘Doge Is Underestimated’—Elon Musk’s ‘Fav’ Bitcoin Rival Dogecoin Is Getting A Surprise Upgrade: Forbes
- Binance Coin Price Forecast: What Next After the 180% Spike?: InvestingCube
Trakx News
- Publication of the 2021, year of altcoins for institutional investors? memo
Trakx CTIs Performance
Sources: Trakx, CryptoCompare
*Trakx CTIs calculations take into account backtest simulated performances calculated since 31 Dec 2019.
**Return of bitcoin is calculated since the 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 on 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 advisor before making any investment decisions.
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