How Two Prime’s crypto fund beat Bitcoin in August – CoinDesk

The fund, which has assets under management of $ 40 million, posted a year-to-date returns increase through the end of August by 183% (net of fees) versus bitcoin’s gross profit of 62%. The fund’s last 12-month returns through Aug. 31 were up 537% (net of fees) versus bitcoin’s 313% rise, according to a source with direct knowledge. the Digital asset fund uses a derivatives overlay to hedge the delta net long exposure of BTC and ETH, according to an investor platform.

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