CFB Talks Digital Assets Episode 27: June 2024 QARs - A Balancing Act between Industry Milestones and Macro Headwinds
2024 is already crystallised as one of the most consequential years ever for digital asset adoption, but unfortunately, the recent quarter saw asset prices mostly consolidating - at best.
As CF Benchmarks’ Head of Research, Gabe Selby, CFA, notes in his latest Quarterly Attribution Report (QAR), “price action was primarily driven by opposing forces."
Gabe sat down with CFB’s Head of Content, Ken Odeluga, for the latest episode of CFB Talks Digital Assets, and their regular walk through the quarter’s major crypto drivers, this time for the March - June rebalance period.
Highlights:
- US stock market-esque narrow participation for CF Broad Cap Index - Just 9 out of 45 constituents drove its 8% gain
- NEAR’s 74% surge anoints it as crypto’s AI touchstone - but what’s likely to happen next?
- Crypto’s superior diversification benefits relative to stocks, with CF Broad Cap’s consistently softer negative correlation to rate expectations, compared to Nasdaq 100's
- If you’re a TradFi institutional manager, it’s time to add the Ether-Bitcoin Ratio to your dashboard - get Gabe’s 101!
- And, we need to talk about meme coins...