Top cryptocurrencies are outperforming the VisionTrack Indices through the first half of the year, with quant-directional strategies leading the way as a fund categorization.

Crypto markets bounced back in May from an April pullback. Through May and year-to-date, the VisionTrack Fundamental Index gained +38.21% trailing Bitcoin’s +57.56% yearly gain.

Through April, the VisionTrack Fundamental Index gained +23.06% trailing Bitcoin’s +39.49% yearly gain.

The state of Q1 2024 was exciting for macro traders and crypto enthusiasts. The VisionTrack Quant Directional Index posted its highest recorded
monthly gain of +31.26% in February with early reported estimates.

In March, the VisionTrack Crypto Hedge Fund Composite Index added +12.88%. Bitcoin recorded its seventh month of positive performance, its longest month-to-month streak in over a decade.

In February, crypto hedge funds saw record-breaking monthly performance across all strategy types as Bitcoin continued its impressive streak to start the year.

In January, the SEC’s approval of ten Bitcoin Spot ETFs was met with enthusiasm and relief from industry veterans. The VisionTrack Market Neutral Index added +1.52% continuing its impressive 13-month streak of positive performance.

The digital asset fund landscape by the numbers.

December brought jubilation to the markets as crypto assets rallied to finish 2023. Bitcoin gained +12.18% finalizing performance on the year up +155.24%.

In November, Bitcoin gained +9.83% continuing an impressive streak of outperformance climbing to +127.53% year-to-date.

In October, the VisionTrack Fundamental Index jumped +16.60% tracking to +49.18% YTD including early reported estimates.

In September, The VisionTrack Crypto Hedge Fund Composite Index gained +0.20% bringing the year-to-date return to +16.39% as Bitcoin’s yearly dominance climbed to +61.42%.

Crypto markets chopped through the second quarter, receding from recent highs at the end of Q1 before rebounding in June following several US Bitcoin Spot ETF Filings by major issuers.

In August, crypto & digital asset hedge fund strategies outperformed Bitcoin. Despite the tailwinds, historically low volume and volatility for Bitcoin drove enthusiasts to possibly over-anticipate price.

Narratives from crypto’s fundraising cycle in 2021-2022 are not translating to the current environment. Why?

The expectation for Bitcoin’s outperformance across the industry brings with it strong tailwinds from June as adoption for passive products has gained significant interest in global markets.

May was an exceedingly difficult month for crypto asset fund managers given the continued enforcement action taken by the SEC.

A challenging macro environment and relatively hawkish Federal Reserve have driven the broader crypto market into a slump despite positive underlying developments.

In April, crypto & digital asset funds posted modest gains maintaining their strong performance to start the year.

We’ve tracked, evaluated, and summarized fund activity since 2018 to bring you key institutional takeaways through the course of a vibrant 2021 and an arresting 2022.

Despite March being another operationally challenging time for crypto hedge funds, the VisionTrack Crypto Hedge Fund Composite Index saw more gains.

In February, crypto markets were relatively flat as investors across industries took protective measures to defend deposits and cash balances.

In January, crypto markets experienced a relief rally, with VisionTrack’s Crypto Hedge Fund Composite Index producing a positive return of +19.48% compared to BTC +39.64%.