Jun 01, 2023
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 were concerns over a potential U.S. debt default, coupled with the Federal Reserve's hawkish comments indicating a readiness to tighten monetary policy further.
- The CF Ultra Cap 5 Index demonstrated relative resilience, experiencing a modest decline of just -3.6%. Meanwhile, the digital culture segment witnessed a decline of more than 11% as the index exhibited relatively broader negative performance across its constituents.
- Net positioning in Bitcoin futures increased modestly to levels last observed in mid-March, rising from -317 to -128 contracts.
Monthly Index Performance
To read the complete report, kindly click on the provided link. Additionally, please do not forget to subscribe to our latest news and research for the most relevant institutional insights on digital assets.
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.
Bitcoin Consolidates as GENIUS Act Progresses
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
CF Benchmarks launches CF Factor Intelligence; enabling actionable insights from our validated model
Building on our initial research that culminated in publication of the research paper “A Factor Model for Digital Assets”, we are now making components of the underlying model and data sets available online, within a brand-new data product suite, CF Factor Intelligence.
CF Benchmarks
Weekly Index Highlights, June 30, 2025
Digital assets rebounded on easing tensions. CF Capitalization rose 6–7%, thematic indices 8–11%. ETH staking yield fell to 2.65%, Solana’s rose to 6.64%. BVXS hit a low, CME options skew flattened, and realized volatility climbed to 29.81.
CF Benchmarks