Attribution Reports
CF Benchmarks Quarterly Attribution Reports - June 2025
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category, and segment levels during the course of each portfolio rebalance period.
CF Benchmarks Quarterly Attribution Reports - March 2025
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CF Benchmarks Quarterly Attribution Reports - December 2024
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category, and segment levels during the course of each portfolio rebalance period.
CF Benchmarks Quarterly Attribution Reports - September 2024
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category, and segment levels during the course of each portfolio rebalance period.
CF Benchmarks Quarterly Attribution Reports - June 2024
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category, and segment levels during the course of each portfolio rebalance period.
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Crypto Deep Dives
Bitcoin - Universal Store of Value for the Digital Age
Bitcoin is a revolutionary form of digital currency first proposed in 2008 by a person or group of people known as Satoshi Nakamoto. Unlike traditional currencies, Bitcoin is a digital asset, and does not depend on central banks or governments.
Ether - Strategic Asset for the Decentralized Economy
The Ethereum blockchain, like Bitcoin, is a decentralized, distributed ledger that records transactions and data. However, Ethereum takes the concept a step further by enabling the creation and execution of smart contracts and decentralized applications (dApps) on its blockchain platform.
Solana: The High-Speed, Low-Cost Blockchain Rival
Solana is a high-speed, low-cost programmable settlement network blockchain designed to support smart contracts and decentralized applications (dApps).
XRP: Powering Global Liquidity in Real Time
Ripple Labs is a blockchain technology company that developed and maintains the XRP Ledger (XRPL), a decentralized, open-source blockchain optimized for fast, low-cost payments.
CF Benchmarks Quarterly Attribution Reports - June 2025
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category, and segment levels during the course of each portfolio rebalance period.
Gabriel Selby
ETF Inflows Lift Bitcoin as New Tax Bill Lifts Spending
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Suitability Analysis of the CME CF XRP-Dollar Reference Rate as a Basis for Regulated Financial Products
This paper seeks to understand whether the CME CF XRP-Dollar Reference Rate (XRPUSD_RR) meets the standards required of pricing benchmarks as defined by the Benchmarks Regulation (BMR) framework.
CF Benchmarks
XRP: Powering Global Liquidity in Real Time
XRP is a leading, mega-cap token, offering rapid cross-border payments with 3-5 second settlement times. Even a small 3.9% allocation enhances portfolio efficiency, providing diversification through moderate correlations with other cryptos and an asymmetric risk-reward profile.
Gabriel Selby
Tariffs, Turbulence, and Bitcoin Divergence
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Growth and Momentum Outperform in Turbulent Q1
The CF Benchmarks' Factor Report applies a robust multi-factor model to digital assets, enabling investors to track key drivers of crypto returns (Market, Size, Value, Momentum, Growth, Downside Beta, and Liquidity) and understand how these factors evolve across different market regimes.
Gabriel Selby
Market Outlook: Q2 2025
Digital assets face regulatory promise as macro uncertainty mounts. Growth slows, inflation lingers. Bitcoin tracks liquidity; large caps favored in risk-off shifts.
Gabriel Selby
Tariff Tensions & Stagflation Signals Spark Sell-off
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Solana: The High-Speed, Low-Cost Blockchain Rival
The CF Benchmarks research team examines how Solana operates as a high-speed, low-cost programmable blockchain, its growing role in decentralized finance and applications, and the investment case for including SOL in diversified portfolios.
Gabriel Selby
CME CF Solana-Dollar Reference Rate: a Primer for our latest Analysis
This primer is a 'quick start' guide to our CME CF Solana Dollar Reference Rate (SOLUSD_RR) Suitability Analysis.
Ken Odeluga
Suitability Analysis of the CME CF Solana-Dollar Reference Rate as a Basis for Regulated Financial Products - March 2025 Update
A benchmark must be representative of the underlying market, resistant to manipulation, and replicable by market participants. This paper seeks to understand whether these qualities are achieved by CF Benchmarks' CME CF Solana-Dollar Reference Rate (SOLUSD_RR).
CF Benchmarks
Suitability Analysis of the CME CF Bitcoin Reference Rate – New York Variant as a Basis for Regulated Financial Products - March 2025 Update
A benchmark must be representative of the underlying market, resistant to manipulation, and replicable by market participants. This paper seeks to understand how well these qualities are being achieved by the regulated CME CF Bitcoin Reference Rate – New York Variant (BRRNY).
CF Benchmarks
CF Benchmarks Quarterly Attribution Reports - March 2025
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Gabriel Selby
Digital Assets Decline Despite Regulatory Thaw
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Policy Tailwinds Usher in New Highs as Fed Pauses
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Santa Claus Rally Stumbles on Fed Outlook
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Suitability Analysis of the CME CF Litecoin-Dollar Reference Rate as a Basis for Regulated Financial Products
This paper seeks to understand whether these qualities are achieved by CF Benchmarks' CME CF Litecoin-Dollar Reference Rate - London Variant (LTCUSD_RR).
CF Benchmarks
Market Outlook 2025
Digital assets are positioned for growth in 2025, driven by macro trends, tech innovation, and regulatory clarity. Investment advisor demand should accelerate ETF adoption, while blockchain scaling advances fuel DeFi, stablecoins, and asset tokenization in traditional markets.
Gabriel Selby
CF Benchmarks introduces first Institutional-grade Factor Model for Digital Assets
Debunking the myth of crypto’s Random Walk: our quantitative research shows liquid market returns mirror traditional market dynamics.
CF Benchmarks
CF Benchmarks Quarterly Attribution Reports - December 2024
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category, and segment levels during the course of each portfolio rebalance period.
Gabriel Selby
Regulatory Re-Rating Rockets Bitcoin to New Highs
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Vote of Confidence: Bitcoin Rallies on Election Shifts
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Introducing CF Benchmarks’ Risk and Reward Framework for Ethereum Staking Returns
CF Benchmarks has deployed its proven expertise in defining and quantifying the blockchain economy towards providing the most thorough and unbiased assessment of the potential rewards and inherent risks involved in Ethereum staking available.
Ken Odeluga
Democratizing Institutional-Grade Derivatives through Bitcoin Friday Futures
BFF offers a regulated, cost-efficient alternative to perpetual futures, eliminating funding rates and enhancing market integrity. Built on CF Benchmarks' BRRNY, it bridges institutional and retail trading, further paving the way for Bitcoin's financial integration.
Gabriel Selby
Market Recap: Fed Pivot DeFi(es) Historically Weak September
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Suitability Analysis of the CME CF Solana-Dollar Reference Rate - New York Variant as a Basis for Regulated Financial Products
This paper seeks to understand whether these qualities are achieved by CF Benchmarks' CME CF Solana-Dollar Reference Rate - New York Variant (SOLUSD_NY).
CF Benchmarks
Market Outlook: Q4 2024
As we approach year-end, digital assets are at a turning point. November’s elections could redefine regulation, while Ethereum's scaling solutions promise to revolutionize finance. Asset tokenization and decentralized networks stand ready to disrupt existing systems. A transformative year beckons.
Gabriel Selby
Suitability Analysis of the CME CF Ether-Dollar Reference Rate - Asia Pacific Variant as a Basis for Regulated Financial Products
This paper assess whether our regulated CME CF Ether-Dollar Reference Rate – Asia Pacific Variant (ETHUSD_AP) achieves the essential qualities a benchmark requires for it be suitable for use as the basis for regulated products.
CF Benchmarks
CF Benchmarks Quarterly Attribution Reports - September 2024
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category, and segment levels during the course of each portfolio rebalance period.
Gabriel Selby
Market Recap: Macro Influences Rekindle Market Uncertainty
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Market Recap: Crypto Stabilizes with Robust ETF Demand & Public Policy Spotlight
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Ether: A Strategic Asset for the Decentralized Economy
Ethereum's disruptive smart contract platform is driving innovation and adoption across its decentralized ecosystem. Ether stands to benefit as its native token and is poised to capture value from Ethereum's growth, making it a strategic technological asset.
Gabriel Selby
Market Recap: 'June Gloom’ Prevails Amidst Building Tailwinds
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.
Gabriel Selby
Exploring Bitcoin Basis Trades: How Price Singularity in ETFs and Futures is Bolstering Market Activity
Spot Bitcoin ETFs and CME futures contracts using the same price benchmark (BRRNY) enables precise arbitrage. This alignment facilitates efficient basis trades and streamlines ETF creation and redemption processes, enhancing market efficiency.
Gabriel Selby
Suitability Analysis of the CME CF Solana-Dollar Reference Rate as a Basis for Regulated Financial Products
The likelihood that institutional participation in Solana will continue to increase underscores the need for price benchmarks that are demonstrably fit for the purpose of pricing this growing asset.
CF Benchmarks
CF Benchmarks Quarterly Attribution Reports - June 2024
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category, and segment levels during the course of each portfolio rebalance period.
Gabriel Selby
Market Recap: Rally Broadens as SEC Approves Spot Ether ETFs
Our market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
Market Recap: Higher Inflation & Rates Bite at ‘Halving’ Hopes
Our market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
Decoding Bitcoin Sentiment Ahead of the Halving
The upcoming Bitcoin halving presents a unique opportunity for investors to reassess market sentiment and position themselves for potential growth.
Gabriel Selby
Market Recap: Momentum Builds on Dovish Fed Signals
Our market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
CF Benchmarks Quarterly Attribution Reports - March 2024
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category and segment levels.
Gabriel Selby
Market Recap: ETF Demand Surge Broadens Market Rally
Our market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
Suitability Analysis of the CME CF Ether-Dollar Reference Rate - New York Variant as a Basis for Regulated Financial Products
This paper seeks to understand whether the regulated CME CF Ether-Dollar Reference Rate – New York Variant (ETHUSD_NY) achieves the qualities required of a regulated Benchmark: that it is representative of the underlying market, resistant to manipulation, and replicable by market participants.
CF Benchmarks
How Does a Benchmark Benefit Bitcoin ETF Investors?
In the case of ETFs, the primary purpose of a benchmark is to determine the cash value of the investments held by the ETF, so a Net Asset Value (NAV) can be calculated. This facilitates a number of processes that are crucial to the operation of an ETF and serve its investors.
CF Benchmarks
Suitability Analysis of the CME CF Bitcoin Reference Rate - New York Variant as a Basis for Regulated Financial Products - February 2024 Update
This paper seeks to understand whether the CME CF Bitcoin Reference Rate – New York Variant (BRRNY), the benchmark for six U.S. spot Bitcoin ETFs that, on aggregate, hold AuM of $9.2bn at the time of writing, achieves the qualities required of a regulated benchmark.
CF Benchmarks
Suitability Analysis of the CME CF Bitcoin Reference Rate - Asia Pacific Variant as a Basis for Regulated Financial Products
This paper seeks to understand whether the regulated CME CF Bitcoin Reference Rate – Asia Pacific Variant (BRRAP) achieves the qualities required of a benchmark: being representative of the underlying market, resistant to manipulation, and replicable by market participants.
CF Benchmarks
Market Recap: Spot ETFs Ignite Fund Inflows as Prices Idle
Our market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
Bitcoin: A Universal Store of Value for the Digital Age
The CF Benchmarks research team explores how Bitcoin functions as a decentralized digital asset, its potential as a portfolio diversifier, and the investment case for adding Bitcoin to portfolios.
Gabriel Selby
Market Recap: Smart Contracts Lead Crypto’s Strong Finish
Our market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
CF Benchmarks Quarterly Attribution Reports - December 2023
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category and segment levels.
Gabriel Selby
Optimizing Capital Efficiency in Replicating the BRRNY for the Creation and Redemption of Shares for US Spot Bitcoin ETFs
CME CF Constituent Exchange Liquidity During the Bitcoin Reference Rate - New York Variant Observation Window of 1500 to 1600 ET Pending US Spot Bitcoin ETFs The anticipation of spot bitcoin ETFs in the U.S. has continued to drive interest in bitcoin globally. Since BlackRock first filed an S-1 registration statement on June 15th, 2023 the CME CF Bitcoin Reference Rate - New York Variant (BRRNY) has traded up from $25,401.77 to $41,842.42 (1), an increase of almost 65%. There has been much s
CF Benchmarks
Market Recap: November 2023
Our market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
Market Recap: September 2023
Our market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
CF Benchmarks Quarterly Attribution Reports - September 2023
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, and sector levels.
Gabriel Selby
Monthly Market Recap - August 2023
Our market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
Monthly Market Recap - July 2023
Our market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
From Macro to Micro: Can Narrative Shifts Spark the 'Decoupling'?
A potential 'decoupling' could provide investors with new opportunities for portfolio construction, allowing them to leverage more diversification benefits in their investment strategies.
Gabriel Selby
The ETH/BTC Ratio through time
The ratio may aid in portfolio management decisions, suggesting when to rebalance based on the relative performance of Ethereum and Bitcoin. It may also present potential trading opportunities when the ratio diverges from its historical average
Gabriel Selby
Monthly Market Recap - June 2023
This report aims to provide the reader with a quick overview of the blockchain economic categories influencing recent market performance, gain insights into institutional investors' capital allocation in digital assets, and understand how crypto is affected by the broader market landscape. Key takeaways for the month: * Markets are showing renewed optimism in response to several premier asset managers pursuing spot Bitcoin ETF approvals. This has triggered an aggressive upward retracement in
Gabriel Selby
Suitability Analysis of the CME CF Bitcoin Reference Rate - New York Variant as a Basis for Regulated Financial Products
The purpose of BRRNY is to provide a replicable, manipulation-resistant and representative Bitcoin benchmark that synchronizes with the traditional U.S. market close.
CF Benchmarks
CF Benchmarks Quarterly Attribution Reports - June 2023
Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, and sector levels.
Gabriel Selby
Monthly Market Recap - May 2023
This report aims to provide the reader with a quick overview of the blockchain economic categories influencing recent market performance, gain insights into institutional investors' capital allocation in digital assets, and understand how crypto is affected by the broader market landscape. Key takeaways for the month: * During the past month, digital assets demonstrated a general downward trend, mirroring the prevailing macroeconomic uncertainties. The primary drivers of these uncertainties w
Gabriel Selby
Suitability Analysis of the CME CF BRR as a Basis for Regulated Financial Products - May 2023
CF Benchmarks ascertains the presence of fair and transparent market conditions and processes to identify and impede illegal, unfair or manipulative practices by conducting a thorough review of any exchange under consideration for inclusion as a Constituent Exchange.
CF Benchmarks
Monthly Market Recap - April 2023
This report is designed to provide the reader a quick overview of the blockchain economic categories that have been impacting recent crypto market performance, gain insights into where institutional investors are directing capital for digital assets, and comprehend how crypto is affected by and influences the broader market landscape. Key takeaways for the month: * The Ethereum network's latest "Shanghai" upgrade enabled validators to un-stake their tokens for the first time, resulting in a s
Gabriel Selby
Monthly Market Recap - March 2023
This report is designed to provide the reader a quick overview of the blockchain economic categories that have been impacting recent crypto market performance, gain insights into where institutional investors are directing capital for digital assets, and comprehend how crypto is affected by and influences the broader market landscape. Key takeaways for the month: * Major bank failures have increased concerns about financial stability, leading to a decrease in market-based interest rate expect
Gabriel Selby
What’s driving relative strength in cryptocurrencies? Read the equity market tea leaves...
Amidst a series of bank failures and increased financial instability, digital assets have been rallying.
Gabriel Selby
CF Benchmarks Quarterly Attribution Reports - March 2023
Fully dissect and understand the performance of our flagship portfolio indices from a constituent, category, and sector level.
Gabriel Selby
Monthly Market Recap - February 2023
This report has been designed to help you see at a glance which blockchain economic categories have been driving recent crypto market performance, get a sense of where institutional investors are allocating capital earmarked for digital assets, and understand how crypto fits into, impacts and is influenced by the broader market picture. Please click here to read the full report. Lastly, be sure to subscribe to our latest news and research to stay on top of the crypto market!
Gabriel Selby
The CF Rolling CME Bitcoin Futures Index
The CF Rolling CME Bitcoin Futures Index unlocks an on-ramp to institutional caliber exposure for investors who are seeking a passive strategy of holding CME Bitcoin Futures contracts.
CF Benchmarks
Monthly Market Recap - January 2023
This report has been designed to help you see at a glance which blockchain economic categories have been driving recent crypto market performance, get a sense of where institutional investors are allocating capital earmarked for digital assets, and understand how crypto fits into, impacts and is influenced by the broader market picture. Please click here to read the full report. Lastly, be sure to subscribe to our latest news and research to stay on top of the crypto market!
Gabriel Selby
CF Benchmarks Monthly Market Recap
Here's the December edition of a monthly compilation of digital asset market data, analysis and insights by CF Benchmarks' Lead Research Analyst Gabe Selby.
Gabriel Selby
2023 Market Outlook
The digital asset space has witnessed sizable growth over the recent years. As we look to 2023, investors must consider the current challenges, opportunities, and trends that will shape its future.
Sui Chung
The CF Broad Cap Index
The CF Broad Cap Index is designed to serve as a true barometer of the cryptocurrency market, thus providing the broadest and most institutionally investible ‘beta’ market gauge.
CF Benchmarks
CF Benchmarks Quarterly Attribution Report
Another exogenous shock has led crypto markets lower over the last rebalancing period as one of the world’s largest exchanges surprisingly filed for bankruptcy. All of our flagship portfolio indices finished in negative territory with pricing volatility surging in the month of November.
Gabriel Selby
Quarterly Attribution Report: CF Diversified Large Cap Index
The CF Diversified Large Cap Index - is a liquid, investible benchmark portfolio index designed to track the performance of large-cap digital assets. The index seeks to capture 95% of the total market capitalization of the investible digital asset universe as its constituents. Index constituents are weighted using the diversified market capitalization which is determined by the free-float market capitalization adjusted by the application of the harmonic series' terms. This has the benefit of dis
Gabriel Selby
Quarterly Attribution Report: CF DeFi Composite Index
The -13.7% decline in the CF DeFi composite index remained largely concentrated in the Finance segment of the portfolio index. With almost 90% of the negative performance contribution stemming from this category alone.
Gabriel Selby
Quarterly Attribution Report: CF Ultra Cap 5 Index
Our barometer for mega-cap tokens remained under pressure, falling approximately -16.5%. The index is heavily weighted towards the Settlement segment, which contributed over 100% of the negative performance during the last rebalancing period.
Gabriel Selby
Quarterly Attribution Report: CF Blockchain Infrastructure Index
The CF Blockchain Infrastructure Index finished the rebalancing period mostly flat, notching a +0.11% increase in value. The index composition has a slight bias toward Scaling protocols, which contributed -3.7% of negative performance.
Gabriel Selby
Quarterly Attribution Analysis: CF Digital Culture Composite Index
The CF Digital Culture index fell -26.5% as performance contributions from the headline DACS segment (Culture), overwhelmingly negated positive performance contributions from services segment.
Gabriel Selby
Quarterly Attribution Analysis: CF Web 3.0 Smart Contract Platforms Index
The higher weighting of Solana (SOL), coupled with weak performance, led to a pronounced drag on our Smart Contract Platforms Index. The total negative contribution of SOL for the rebalance period was almost 40% of the index’s total -31.8% decline.
Gabriel Selby
CF Benchmarks Monthly Market Recap
Here's the November edition of a monthly compilation of digital asset market data, analysis and insights by CF Benchmarks' Lead Research Analyst Gabe Selby. This report has been designed to help you see at a glance which blockchain economic categories have been driving recent crypto market performance, get a sense of where institutional investors are allocating capital earmarked for digital assets, and understand how crypto fits into, impacts and is influenced by the broader market picture.
Gabriel Selby
Why FTX and SBF may have triggered the next wave of institutional adoption
Ironically, it could well be that the legacy of Sam Bankman-Fried’s career in digital assets is the acceleration of regulatory clarity
Sui Chung
CF Benchmarks Monthly Market Recap
All our benchmark indices finished October in positive territory. Larger-cap tokens saw the strongest relative performance with the Ultra Cap 5 (+11.8%) and Diversified Large Cap (11.3%) outperforming.
Gabriel Selby
Quarterly Attribution Analysis: CF Web 3.0 Smart Contract Platforms Index
The CF Web 3.0 Smart Contract Platforms Index has fallen -20.7% over the course of our most recent rebalancing period
CF Benchmarks
Quarterly Attribution Analysis: CF Cryptocurrency Ultra Cap 5
CF Ultra Cap 5 Index has fallen –30.0% over the course of our most recent rebalancing period. Markets have remained vulnerable to increases in central bank policy rates that has led to a tightening of financial conditions
CF Benchmarks
Quarterly Attribution Analysis: CF Diversified Large Cap Index
The challenging macroeconomic environment continued for digital assets: inflation remained at multi-decade highs, central banks have made sizable policy rate increases, and global growth has begun to stall.
CF Benchmarks
Quarterly Attribution Analysis: CF Digital Culture Composite Index
The challenging macroeconomic environment continued for digital assets: inflation remains at multi-decade highs, central banks are making sizeable policy rate increases, and global growth has begun to stall.
CF Benchmarks
Quarterly Attribution Analysis: CF DeFi Composite Index
The challenging macroeconomic environment continued for digital assets: inflation remained at multi-decade highs, central banks made sizeable policy rate increases, and global growth has begun to stall.
CF Benchmarks
Quarterly Attribution Analysis: CF Blockchain Infrastructure Index
The challenging macroeconomic environment continued for digital assets: inflation remained at multi-decade highs, central banks have made sizeable policy rate increases, and global growth has begun to stall.
CF Benchmarks
Meet CF Benchmarks' Market Recap and Quarterly Attribution Analyses
We're excited to introduce a new quarterly series of in-depth, market-driven quantitative research reports by CF Benchmarks' Lead Research Analyst Gabe Selby, CFA.
Ken Odeluga
CF DACS In Practice: ETH drives Crypto Bounce
Why has the digital asset price rebound largely outpaced the bounce by other 'risky' assets? CF Benchmarks' Research Lead Gabe Selby, CFA, has some pointers - backed by the CF Digital Asset Classification Structure (CF DACS)
CF Benchmarks
How CF DACS helps crack the Diversified Large Cap code
The Non-Programmable subcategory (largely Bitcoin) in CF Diversified Large Cap is around 35% lower than in NCI, implying significantly lower exposure to BTC, whilst implied representation of the subcategory remains substantial at around 45%
Ken Odeluga
How to see Crypto Portfolio Return Drivers in 3D, with DACS
Attributing notional digital asset portfolio returns to DACS Categories and Subcategories provides information and insights into the economic reality engendered by holdings at a higher-resolution than is possible from an examination of the assets and their weights alone.
Ken Odeluga
CF Digital Culture Index benchmarks protocols of fun
Institutional participants seeking to capture alpha from material present and promising future opportunities in the Metaverse, NFTs, video games and digitalised music consumption, can now do so via a secure, replicable, methodology devised by a regulated Benchmark Administrator
Ken Odeluga
CF Digital Asset Classification Structure: The Compact Primer
The guide splits the presentation into two main sections, then divides those sections into a handful of bite-sized parts.
Ken Odeluga
Introducing the CF Digital Asset Classification Structure
CF DACS is intended to assist investors to better understand the blockchain economy, and thereby to support the portfolio construction and analysis process
Ken Odeluga