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Matthias Knab, Opalesque: IDX DIGITAL ASSETS, a quantitative asset manager specializing in risk managed exposure
to Bitcoin, Ethereum and DEFI names, has raised $75m for its flagship Bitcoin
Futures fund - Ticker: BTIDX - in the last quarter of 2021 alone.
Ben McMillan, co founder and CIO of IDX, maintains that investors need a 'compensated'
risk regime profile for exposure to cryptocurrencies. Using a SMART BETA approach
to asset class exposure, IDX identifies when it's appropriate to go long certain names
with on chain analysis and other quant tools. When risk exposure is not 'compensated' the
manager goes into cash. In this way IDX differs fundamentally from other asset managers
offering passive index products in crypto, as well as hedge funds using complicated
derivatives and 'short' exposures.
Last year, the IDX Bitcoin Index avoided downside slippage of three 30% plus drawdowns in
BTC. Using deep node and fundamental analysis, the fund enters BTC long when a double
confirmation long signal occurs. For 2021, the product returned 102% vs. 62% for BTC.
IDX has been managing indexes and portfolios for investors and advisors in cryptocurrencies for over 4 years and has developed a unique set of indexes in partnership with S & P Global, Bitcoin, Ethereum, and a grouping of 15 leading DEFI names.
McMillan states that volatility in all these tokens/crypto coins will remain high for some time to come, given the emerging nature of the asset class, and changes in both the constitution of investors as well as leverage levels provided globally by over 300 different exchanges.
For more information on IDX and its approach to cryptocurrencies, click the link here to access an Opalesque SKILLSLAB Webinar with McMillan and Michael Mell of S & P Global.
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