Factor Friday - October 9, 2026
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
Small Cap Tokens Outperform in September
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
CF Digital Asset Index Family Multi Asset Series - Extraordinary Rebalance Announcement
CF Benchmarks
Changes to the Token Market Price Benchmarks Series - Market Prices – 06 October 2026
The Administrator has confirmed changes to the Token Market Price Family for the period 29 September 2026 to 06 October 2026
CF Benchmarks
Bitcoin Remains Flat as Yields Soar
Digital assets traded flat over the week as softer US data failed to lift the majors against firm long-end yields. Breadth was weak and leadership narrow: gaming and virtual-world tokens and a few interoperability names carried returns, implied volatility held steady, funding costs eased.
Mark Pilipczuk
Factor Friday - October 2, 2026
Size led the factor table at 8.86% as the Market finished flat, with Downside Beta and Liquidity next and Momentum last. Much of the move traces to Quant (QNT), up 200% on the week, so the rotation is narrower than the rankings suggest.
Mark Pilipczuk
Crypto Rallies After The CLARITY Act Stalls
Digital assets rallied in September despite the Fed's first rate hike since 2023 and a failed Senate vote on the CLARITY Act. All eight CF Benchmarks indices rose, led by DeFi at 31.8%, as smaller caps outpaced the majors and fund inflows slowed to $3.8 billion, down 35.3% from August.
Mark Pilipczuk
Market Outlook - Q4, 2026
Digital assets rallied through a Fed hike and a failed CLARITY Act vote. Our Q4 outlook argues that usage earns a return only where it reaches tokenholders, and tests that view across protocol fees, tokenized equities, perpetuals and stablecoins.
Mark Pilipczuk
Changes to the Token Market Price Benchmarks Series - Market Prices – 29 September 2026
Changes to the Token Market Price Benchmarks Series - Market Prices – 29 September 2026
CF Benchmarks
Addition of Lighter Settlement Price and Spot Rate to the CF Digital Asset Index Family
The Administrator announces the addition of the CF Lighter-Dollar Settlement Price and CF Lighter-Dollar Spot Rate to the CF Digital Asset Index Family - Single Asset Series.
CF Benchmarks
Bitcoin ETFs See Inflows as Yields Climb
High-beta digital assets rallied broadly over the week, with breadth reaching well beyond the largest assets as rates repriced higher. Smaller names and Infrastructure led on a tokenized-deposit mandate, Momentum reversed, implied volatility held flat and funding costs rose.
Mark Pilipczuk
Factor Friday - September 25, 2026
The Market rose 11.70% to lead CF Benchmarks' factor table, ending Value's three-week run at the top. Liquidity finished last and Downside Beta fell for a third week, so the rally favored heavily traded, drawdown-sensitive tokens, while Size showed the bid still reached smaller caps.
Mark Pilipczuk
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