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Research & Insights

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

Mar 20, 20233 mins read

Banks

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

Mar 10, 20232 mins read

Asset Managers

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

Mar 02, 20230 mins read

Research

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

Feb 24, 202311 mins read

Asset Managers

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

Feb 03, 20230 mins read

Monthly

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

Jan 03, 20233 mins read

Research

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

Dec 29, 202216 mins read

Research

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

Dec 19, 202210 mins read

Quarterly Attribution Analysis

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

Dec 09, 202216 mins read

Quarterly Attribution Analysis

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

Dec 09, 20225 mins read

Quarterly Attribution Analysis

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

Dec 09, 20225 mins read

Quarterly Attribution Analysis

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

Dec 09, 20225 mins read

Quarterly Attribution Analysis

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

Dec 09, 20224 mins read

Quarterly Attribution Analysis

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

Dec 09, 20225 mins read

Quarterly Attribution Analysis

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

Dec 08, 20225 mins read

Monthly

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

Dec 02, 20223 mins read

Asset Managers

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

Nov 15, 20222 mins read

Research

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

Nov 03, 20223 mins read

Quarterly Attribution Analysis

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

Sep 12, 20224 mins read

Quarterly Attribution Analysis

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

Sep 12, 20225 mins read

Quarterly Attribution Analysis

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

Sep 11, 20225 mins read

Quarterly Attribution Analysis

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

Sep 11, 20225 mins read

Quarterly Attribution Analysis

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

Sep 11, 20225 mins read

Quarterly Attribution Analysis

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

Sep 11, 20224 mins read

CF Digital Asset Classification Structure

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

Sep 09, 20225 mins read

Asset Allocators

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

Aug 08, 20222 mins read

Asset Allocators

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

Jul 27, 20225 mins read

CF Digital Asset Classification Structure

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

May 04, 20229 mins read

Post

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

Mar 09, 20226 mins read

Post

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

Feb 08, 20222 mins read

Post

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

Jan 19, 20226 mins read