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Data: Pythagoras Bitcoin Fund's annual increase reaches 230%, surpassing the performance of spot ETF

Data: Pythagoras Bitcoin Fund's annual increase reaches 230%, surpassing the performance of spot ETF

Bitget2024/11/22 14:44

According to Bloomberg, the Alpha Long Biased strategy fund under investment management company Pythagoras has performed impressively 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 several weeks before the spot Bitcoin ETF was approved in January 2024.

The fund's investment portfolio is allocated using a third method: one-third is allocated to core Bitcoin holdings, one-third uses trend-following strategies (which can be flexibly adjusted up to 2x leverage according to market conditions), and the remaining third is arranged in market-neutral, beta-neutral and dollar-neutral long-short strategies. Mitchell Dong, founder of the fund, said that this product aims to provide investors with an investment option superior to spot Bitcoin ETFs.

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