Loading…
Loading…
CBXY actively manages options and collateral in a way designed to track the positive price return of spot bitcoin up to a cap, while providing protection against a loss exceeding 10%, over a one-year period. It uses the BRRNY, a benchmark index, to determine the cap. The fund employs two portfolio construction methods: one involving US Treasuries, options, and cash equivalents and the other using options and cash equivalents. The fund does not invest directly in bitcoin. The fund offers perpetual investment opportunities, with new options chosen at each annual reset date in July, reflecting…
Is CBXY's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
How much of your total portfolio are you willing to allocate toward gaining bitcoin exposure? For traditional advisors and investors, that answer tends to sit at a relatively low percentage.
Advisors and investors may choose to add bitcoin exposure to their portfolios for many different reasons. Some are self-described crypto enthusiasts, who hold bitcoin due to their belief in its long-term application opportunities.
One year ago, I wrote a research note on defined outcome strategies — which most commonly include buffer strategies. There are many unknowns in the investment world, so having a known level of loss can be very valuable.
Ever since macroeconomic uncertainty kicked up earlier this year, advisors and investors have increasingly seen the value of diversification in a portfolio. Before that, many portfolios leaned heavily into large-cap strategies that prevailed through 2024.
With an end to tariff negotiations seemingly nowhere in sight, many are wondering what tariffs could do to bitcoin investments. Even though crypto trading is banned in China, many China companies are still tied to the bitcoin ecosystem.