Data: Pythagoras Bitcoin Fund has increased by 230% this year, surpassing the performance of spot ETFs

2024-11-22 22:30:45

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ChainCatcher news, according to Bloomberg, the Alpha Long Biased strategy fund under investment management company Pythagoras has performed remarkably since its launch, with a year-to-date increase of 230% (206% after fees), consistently outperforming Bitcoin except for two months. The fund was launched a few weeks before the approval of the spot Bitcoin ETF in January 2024.

The fund's investment portfolio employs a tri-partite allocation: one-third is allocated to core Bitcoin holdings, one-third utilizes a trend-following strategy (which can flexibly adjust to 2x leverage based on market conditions), and the remaining one-third is allocated to market-neutral, beta-neutral, and dollar-neutral long-short strategies. The fund's founder, Mitchell Dong, stated that the product aims to provide investors with an investment option superior to the spot Bitcoin ETF.

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