Strategic Insight

InvestmentPhilosophy

Digital asset is at escape velocity.

We are bullish on digital asset, but we want crypto exposure with lower volatility.

Negative return is extremely painful: when you are down 50%, you need 100% positive return to get break even.

LowerVolatility

As the Bitcoin options market matured, we use quantitative strategies with options and futures to reduce our portfolio volatility to a more manageable level of 30~40% vs.

Bitcoin volatility of 60~80%.

SustainableSuperiorReturns

In a bull market, we target a long-term return far superior than Bitcoin.

In a bear market, we will substantially reduce the downside risks.

HigherSharpe

We expect a higher Sharpe Ratio (i.e.

a risk-adjusted return) than the underlying asset.