The crypto markets have have started the new year with a bang and we would like to take the opportunity to comment on our fund’s performance since last year’s launch and offer a framework for evaluating momentum strategies. This past year was marked by a massive leverage unwind

As many of you, especially our investors, already know, The Well was not affected by the FTX fallout. Based on healthy scepticism, we chose not to use FTX as an exchange partner. We are confident that the movement towards decentralization will not stop with the massive failure of one centralized

We often get asked if we include time-series or cross-sectional momentum in our strategies. As a reminder, time-series momentum is the momentum or trend an asset develops relative to its historical performance. For example, breaking out of a previous high. Cross-sectional momentum compares the performance of one asset against other

Tribalism is an undeniable part of the crypto markets. Bitcoin maximalists, ETH supporters jumping on the bandwagon of environmentalism or LUNA advocates defending an “unsustainable business model” are only a few examples. Over the years, the performance of such 'tribalisms' has been very rewarding. Chances are high that

During the last couple of weeks there has been a significant shift in market sentiment from being in a prolonged crypto-winter to signs of hope that we are entering a crypto-spring. (One of many references: https://dailyhodl.com/2022/07/31/crypto-hedge-fund-veteran-mark-yusko-predicts-bitcoin-spring-kicks-off-btc-move-heres-his-timeline/) The catalyst for many people seemed to be