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AA Digital: Performance Update September

Dear Clients and Partners,

At the risk of sounding like a broken record, the markets continued on their same path: in the red. Next to a continuous bear market, grave geopolitical concerns are clouding conversations, with the themes ranging from probabilities of a nuclear war, WW3, energy blackouts in Europe, etc. I’m certainly not trying to be a “fear monger”, but it’s simply the current state of the good, the bad, and the ugly. Nonetheless, there is always a silver lining, monumental opportunities, and more out there during these times of uncertainty, and we continue to focus on “controlling the controllable”.

Looking at the numbers, Bitcoin was down by -3.82%, the Bloomberg Galaxy Crypto Index by -7.20% and Nasdaq by -10.60%. What we continue to see in the digital asset space are new institutions continually throwing their hats into the ring. Some of the bigger highlights included Google partnering with Coinbase to accept crypto payments; Walmart’s CTO stating that crypto will be an important way for how their customers transact in future; BNY Mellon starting to offer digital assets custody; Citi Ventures making their first digital asset VC investment; Visa partnering with FTX to launch a digital asset debit card; and JP Morgan hiring a head of crypto regulatory policy to strengthen their position in crypto.

For September, we were up +1.41%. On an annualised basis, we are outperforming the market (BGCI) by +30.40% and BTC by +26.91% at strongly reduced volatility of 28.26% p.a. vs 80.16% p.a. (BGCI) and 63.27% p.a. (BTC). We continue to review and monitor a host of funds as we move forward in further developing and fine-tuning our strategy/selection process. The goal remains the same: providing investors a “one-stop shop” opportunity for a diversified investment into an emerging industry with transformational potential.

I’ll leave you with the words of Sun Tzu: “In the midst of chaos, there is also opportunity”.

Have a great day and feel free to let us know if you have any questions. Follow us on LinkedIn and Twitter to stay informed.

Marc, and your AltAlpha Digital Team

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