As Lead Research Analyst Gabe Selby points out, despite all digital asset categories remaining in the red throughout the quarter, as reflected by negative returns for our regulated crypto portfolio indices, scaling protocols were relatively defensive.
Watch to find out which one fared best ★ What that has to do with the definitive DeFi milestone for JPMorgan Chase & Co. in the quarter ★ And why fading Ether dominance of the BTC/ETH ratio helps set up the best conditions we’ve got (for now) for more constructive price action in the current quarter.
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Size led CF Benchmarks' factor table for a second week at 2.58% as the Market fell 4.98%. Size held after QNT's reversal, though its cohort spread narrows sharply without three outlier tokens, and Downside Beta and Liquidity gave back part of last week's gains.

Mark Pilipczuk
The CF Free-Float Broad Cap Index rose 10.28% in September as Bitcoin supplied 59% of the gain while trailing the index. Returns across the Capitalization Series ran from +7.74% for Ultra Cap 5 to +14.01% for Emerging Crypto, which holds no Bitcoin, as altcoins outpaced Bitcoin.

Mark Pilipczuk
CF Digital Asset Index Family Multi Asset Series - Extraordinary Rebalance Announcement

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