CryptoMediaClub
Monday, June 2, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

BTC hodlers outperformed crypto funds by 69% in H1: 21e6 Capital

05.08.2023
A A
0
121
VIEWS
ShareShare

The classic buy and hold, or hodl, approach to Bitcoin (BTC) outperformed most crypto funds by 68.8% in the first half (H1) of 2023.

According to data from Switzerland-based investment adviser 21e6 Capital AG, on average, crypto funds generated returns of 15.2% in the first half of 2023, but BTC saw gains of around 84%.

Crypto funds on average generated 15.2% return in the first half of 2023 lol pic.twitter.com/vb8pwYfiX9

— Alex Krüger (@krugermacro) August 5, 2023

In the report, 21e6 Capital AG’s head of marketing, Maximilian Bruckner, outlined that crypto funds have been “frequently able to significantly outperform Bitcoin in previous bull runs.”

Bruckner attributed much of the underwhelming performance of crypto funds in 2023 to the challenging market conditions and the significant amount of cash they had on hand in late 2022.

Following the implosion of FTX and other crypto projects in 2022, the report suggested that many crypto funds opted to take risk off the table and develop cash buffers, therefore missing out on a significant BTC price rally in H1 of 2023.

“Funds with large cash positions will underperform Bitcoin in a bull market, unless the funds’ assets perform significantly better than Bitcoin.”

“Due to the general sentiment left behind by the end of 2022, many funds had larger-than-normal cash positions. Furthermore, most major altcoins also underperformed Bitcoin – a tough environment for funds,” the report adds.

Directional fund strategy comparison H1 2023. Source: 21e6 Capital AG

At the time of writing, BTC is priced at roughly $29,000, and it continues to struggle to hold above the $30,000 level, which has only been briefly surpassed on a couple of occasions in 2023.

Related: Price analysis 8/4: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

Despite this, current prices mark a 75% price gain for the asset since Jan. 1, as per CoinGecko data.

“All crypto fund strategies achieved positive results this year. But relative to Bitcoin, they underperformed, especially those with significant exposure to altcoins, to futures, or those strongly dependent on momentum signals.”

“Going forward, we are keeping a close eye on which exchanges will establish themselves as leading futures providers. Furthermore, the level of the funding rates in crypto futures markets and the ability of quantitative funds to capture trends will be areas of focus when we observe the markets,” the report adds.

Ultimately the report highlighted that investor sentiment has slightly improved over H1 2023, suggesting that some funds may soon start piling in more cash into the crypto sector.

However, it did note that current data relating to inflows and outflows indicate that a “full recovery of sentiment” has not yet taken place.

Non-direction crypto fund strategy comparison H1 2023. Source: 21e6 Capital AG

Magazine: ‘Elegant and ass-backward’: Jameson Lopp’s first impression of Bitcoin

Share9Tweet6ShareSharePin2

Related Posts

Crypto Market Shifts: Altcoin Season Index Plunges to 22, Confirming Bitcoin Season
Bitcoin

Crypto Market Shifts: Altcoin Season Index Plunges to 22, Confirming Bitcoin Season

02.06.2025
0

BitcoinWorldCrypto Market Shifts: Altcoin Season Index Plunges to 22, Confirming Bitcoin Season Are you wondering where the cryptocurrency market stands...

Read moreDetails
Crucial Bitcoin Price Test: Key Level Could Define Next Bull Market Phase

Crucial Bitcoin Price Test: Key Level Could Define Next Bull Market Phase

02.06.2025
US Bitcoin ETF Inflows: Explosive $5.2B May Signals Strong Demand

US Bitcoin ETF Inflows: Explosive $5.2B May Signals Strong Demand

02.06.2025
Bitcoin Plunge: BTC Falls Below $107,000 Amid Market Volatility

Bitcoin Plunge: BTC Falls Below $107,000 Amid Market Volatility

31.05.2025
Spectacular BlackRock Bitcoin ETF Inflows Signal Strong Institutional Adoption

Spectacular BlackRock Bitcoin ETF Inflows Signal Strong Institutional Adoption

31.05.2025
Load More
Next Post

​​Crypto Trader Says One Ethereum-Based Altcoin Ready To Surge by Double Digits – Here’s His Target

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Chain Signatures Go Live on NEAR Protocol, Expand Cross-Chain Possibilities

Chain Signatures Go Live on NEAR Protocol, Expand Cross-Chain Possibilities

10 months ago
Former Crypto-Pleasant Congressman Patrick McHenry Joins a16z as Senior Advisor

Former Crypto-Pleasant Congressman Patrick McHenry Joins a16z as Senior Advisor

3 months ago
Google Set To Allow Crypto Ads, Including Bitcoin ETFs

Google Set To Allow Crypto Ads, Including Bitcoin ETFs

1 year ago
Ether ETFs pending — Grayscale, VanEck and others file SEC applications

Ether ETFs pending — Grayscale, VanEck and others file SEC applications

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Kazakhstan to Explore Blockchain Implementation in Stock Market

Bitcoin Price Prediction: Analyst Says $340,000 Is Possible If Bulls Hold This Zone

Crucial Bitcoin Price Test: Key Level Could Define Next Bull Market Phase

Significant XRP Locked: Understanding Ripple’s Escrow Strategy

Africa Launches First Tokenized Investment Platform

ETH Price Rally Incoming? Ethereum Funds See $321M Inflows

Trending

CAR to Tokenize 1,700 Hectares of State Land
All news

CAR to Tokenize 1,700 Hectares of State Land

02.06.2025
0

The President of the Central African Republic (CAR) signed a decree to tokenize over 1,700 hectares of...

Czech Minister Steps Down, Opposition Calls for Govt to Resign Over $46M in BTC ‘Donated’ from Convicted Criminal

Czech Minister Steps Down, Opposition Calls for Govt to Resign Over $46M in BTC ‘Donated’ from Convicted Criminal

02.06.2025
Crypto Market Shifts: Altcoin Season Index Plunges to 22, Confirming Bitcoin Season

Crypto Market Shifts: Altcoin Season Index Plunges to 22, Confirming Bitcoin Season

02.06.2025
Kazakhstan to Explore Blockchain Implementation in Stock Market

Kazakhstan to Explore Blockchain Implementation in Stock Market

02.06.2025
Bitcoin Price Prediction: Analyst Says $340,000 Is Possible If Bulls Hold This Zone

Bitcoin Price Prediction: Analyst Says $340,000 Is Possible If Bulls Hold This Zone

02.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz