Blockchain asset management platform Invictus Capital has rolled out a new bitcoin offering which aims to outperform the crypto currency by utilizing options and lending strategies to deliver downside protection and yield.
The Bitcoin Alpha Fund will maintain full bitcoin exposure at all times with no trading involved, while utilizing proprietary lending software to generate additional returns by selling call options. The aim is to offset the expense of purchasing a put option at 10% below the strike price at the beginning of the month, which would cap the downside at a maximum of 10% of the US dollar value of the fund every month while gains will be made during any period of the drawdown exceeding 10%. The fund
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