News

Kbit Quant Fund Dominates Crypto ETF Market with Innovative Strategies

Key Points:

  • Kbit has over $100 million in assets and is expanding into the US Bitcoin and Ethereum ETF market.
  • The fund employs a market-neutral strategy to profit from price fluctuations while mitigating risk.
Kbit Quant Fund, with over $100M in assets, excels in the US Bitcoin and Ethereum ETF market using market-neutral strategies.
Kbit Quant Fund Dominates Crypto ETF Market with Innovative Strategies

According to Bloomberg, the quantitative fund Kbit, which has over $100 million in assets under management, scooped up the growing US Bitcoin and Ethereum ETF market.

Kbit Quant Fund Captures ETF Market

Where traditional hedge funds run an essential trade to collect money from price discrepancies between, say, an asset and futures, a digital-asset world which Kbit says it never strayed from. Kbit Founder and CEO Ed Tolson stated, “The larger opportunities, higher return opportunities are in the crypto-native markets.”

Kbit uses a market-neutral trading strategy to capture profits from rising and falling prices while reducing overall market risk. It is also a market maker incorporated in the British Virgin Islands.

Performance details are not disclosed because the fund’s details remain confidential with the clients. Tolson says trades involving native crypto instruments, such as buying spot crypto and shorting perpetual swaps, bring more excellent value than traditional methods.

Kbit’s trading approach is all-encompassing, including everything that has volume, creating trading opportunities and inefficiencies. This fund trades in some 500 different tokens, regardless of the fundamentals. Kbit aggressively expanded the team, adding seven new hires this year.

Read More: BitFlyer Acquires FTX Japan With 100% Share Purchase

Team Expansion and Key Hires at Kbit

Key additions include Thomas Johnson, a former Citadel senior quant developer, while Sean Slotterback of Highbridge Capital Management is another addition and leads expansion in forecasting and portfolio risk management.

Eddie Markman, formerly of Sun Mountain Capital, has been appointed chief financial officer. The team has doubled in size over the last year, from seven to 14 people.

Kbit’s innovative strategies and robust team will make it one of the biggest players in this changing landscape of cryptocurrencies and ETF markets.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

MicroStrategy Convertible Notes Now Out of Stock With $3B Raised

The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…

25 seconds ago

Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024

Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…

3 hours ago

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

6 hours ago

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

9 hours ago

Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens

Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…

9 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

10 hours ago

This website uses cookies.