The fund, which has property below administration of $40 million, noticed year-to-date returns by the top of August rise 183% (internet of charges) vs. bitcoin’s uncooked acquire of 62%. The trailing 12-month returns of the fund by Aug. 31 jumped 537% (internet of charges) vs. bitcoin’s 313% rise, in keeping with a supply with direct data. The Digital Assets Fund makes use of a derivatives overlay to hedge internet lengthy BTC and ETH delta publicity, in keeping with an investor deck.