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The fund returned 8.79% over the month compared with the benchmark S&P500 return of 8.50%

The fund returned 3.11% over the month compared with the benchmark S&P500 return of -2.56%.

The “HODL” mantra has served Bitcoin investors well over the last decade, but the digital asset landscape has shifted.

The fund declined by 11.7% in February as a myriad of macro factors continued to add pressure to risk assets.

We’re in the throes of the 3rd biggest BTC retraction since 2015, but today is a more ‘mature’ meltdown.

The fund declined by 9.7% in January, as reduced institutional demand driven by forced deleveraging weighed on markets.