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Arca's Flagship Crypto Hedge Fund is Up 77% in 2020

Arca's Digital Assets Fund is beating the S&P, crypto indices and bitcoin’s price.

Updated Sep 14, 2021, 9:35 a.m. Published Jul 23, 2020, 5:44 p.m.
Arca CEO Rayne Steinberg
Arca CEO Rayne Steinberg

Arca Capital Management’s flagship hedge fund - the Arca Digital Assets Fund - is up 76.74% in 2020, even as some cryptocurrency-focused hedge funds appear to be floundering and still others are folding due to lackluster demand.

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  • According to a monthly investor note obtained by CoinDesk, Arca Digital Assets Fund, which invests in crypto companies’ tokens, equities and bonds, has grown 9% or more every month this year except for in February (-3.24%) and March (-4.36%) when it followed global capital markets’s virus-induced plunge.
  • The fund’s 76.74% year-to-date gains beat the S&P 500 (+1.12%), Bloomberg’s crypto index BCGI (+38.01%) and bitcoin (+30.39%). January’s 35.37% growth was the fund’s strongest single month of 2020. Last month it gained 9.9%, the investor note shows.
  • Arca’s Investment Adviser registration documents reveal that Arca Digital Assets Fund had a gross asset value of $2,976,028 as of March 30. A source familiar with the matter told CoinDesk that Arca has doubled its assets under management every quarter of 2020.

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