crypto index funds Archives - 2100NEWS

BrankoNovember 27, 2023


A comprehensive empirical analysis of the cryptocurrency ecosystem is presented, utilizing extensive data from the 2100News database over six years. The study focuses on understanding the crypto market’s intricate dynamics and investment characteristics, contrasting them with traditional financial markets. Key components of the survey include:

  1. Bitcoin’s Role: Examining Bitcoin as a primary non-sovereign monetary asset in the crypto ecosystem, highlighting its unique value due to scarcity and decentralization.
  2. Altcoins and Infrastructure: Analysis of alternative cryptocurrencies (Altcoins) and their varying use cases, as well as the role of infrastructure projects in the crypto landscape.
  3. Stablecoins and Interoperability: Understanding the significance of stablecoins as bridges between crypto and fiat currencies and the importance of interoperability among different blockchain systems.
  4. Market Structure and Dynamics: Dissecting the crypto market into various segments based on currency type, infrastructure, applications, and market capitalization. This includes a detailed examination of market movements and the probability of success for new tokens.
  5. Comparative Analysis with Capital Markets: Offering a statistical comparison of the crypto market with traditional capital markets, highlighting market capitalization, volatility, and investment characteristics.
  6. Crypto Asset Trading and Investment: Insights into the dynamics of crypto asset trading on centralized and decentralized exchanges and strategies for investing in crypto assets.
  7. Portfolio Management in Crypto: Discussing the challenges and strategies in managing a crypto asset portfolio, contrasting amateur and professional management approaches, and exploring the concept of social portfolio management.
  8. Combining Crypto with Traditional Investment: Presenting strategies for integrating crypto investments with traditional stock and cash holdings to optimize portfolio performance.
  9. Market Breadth Indicators and Bitcoin Halving: Analyzing market breadth indicators for trend prediction and discussing the implications of the upcoming Bitcoin halving on the market.

The paper aims to demystify the crypto ecosystem, providing investors and enthusiasts with a grounded understanding of its complexities and the potential for informed investment strategies.


BrankoJuly 19, 2021


Copying a manager’s allocations provides a simple way for the average person to not worry about the complexities of digital assets portfolio management strategies. Copying allocations is the most potent social portfolio management strategy tool for new investors. It provides a simple way to start learning about portfolio management strategies of cryptocurrencies, engage with leading managers in the industry, and execute advanced digital assets management strategies. Among the available social crypto portfolio management strategies, copying allocations is far above and beyond the best option for crypto investors. Copying allocations from a manager means you are entrusting your funds to that manager. Without a step-by-step breakdown of the strategy they are implementing, copiers will need to trust the manager to have a professional methodology for crypto portfolio management. Although copy allocations can sometimes feel like a black box, extensive historical performance data, detailed trade history, and portfolio stats can help mitigate the present concerns. In this paper, we have shown that there are tools for measuring skills and Statistical techniques to detect whether skill drives the superior performance of some crypto portfolio strategies.  Table 1 below shows Iconomi rankings on the landing page; that rankings of crypto strategy performance provide almost no information regarding management skills.  The top ten in 24 hours is almost random and shows only one crypto strategy managed by a skilled manager. Potential investors are better advised to consider the data in this article than to rely on such rankings.

Table 1 – Iconomi rankings on the first page

We have vast experience across the banking and finance sector, and we’ve been in the crypto space for years and gauged portfolio management strategies of cryptocurrencies. With so many cryptocurrency portfolio management strategies on the market – how did we select the ones for this study? Unlike other “best lists,” – we didn’t get paid to write this. We did the research, cut through the noise, and put together the very best options. We hope this post helped you understand some of the best options depending on your needs.

Copying allocations is the most advanced form of copying manager.

Instead of evaluating a strategy, copying allocations can evaluate the actual assets held on the exchange by a manager. As the manager executes trades, these trades can instantly be sent to any copiers to accomplish the same trades. With copy allocations, it doesn’t matter how the manager got to their positions. The focus is placed on the results rather than the strategy. That way, the copier is separated from the strategy implementation and simply needs to worry about the manager they are copying.

  • At every step of the way, copiers will maintain the same portfolio as the managers – effectively copying their performance. Additionally, managers can change their strategies at any time. Copiers don’t need to download new strategies or pay for updates.
  • By copying allocations, managers can keep their strategies proprietary. They never need to disclose how they trade or what factored into their decisions. The trades will be automatically copied to copiers regardless of how they made the decision.
  • Copying allocations requires managers to have funds on the exchange. Since copiers will be copying the currently allocated assets, managers become forced to have skin in the game. Instead of using second-rate strategies, the leader must use their best strategy. Otherwise, the manager’s own funds won’t perform optimally.

Superior performance must be repeatable to be claimed as a skillset

Contribution lies in delineating the significant debates, given the overall complexity of differentiating skill from luck. The aspiration to identify the nature of the skill involved in achieving extraordinary returns with a crypto portfolio management strategy remains.
Successful investing, like most activities in life, is based on a combination of skill and serendipity. Distinguishing between the two is critical for forward-looking decision-making because skill is relatively permanent while serendipity, or luck, by definition, is not. A crypto portfolio manager who is skillful this year presumably will be skillful next year. A crypto portfolio manager who was lucky this year is no more likely to be lucky next year than any other manager. In other words, above-average performance is evidence of both good luck and superior skill. However, whereas the skill element is permanent, the luck element is transitory. Therefore, the expected performance next period reverts back toward the mean because the luck variable has an expected value of zero.

We may simply identify the crypto strategies of skilled managers. In the analysis, we suppose that they were in the top 25% of all strategies for one year, two consecutive half-years, and four consecutive quarters. One rather intuitive approach follows. Recall that the motivating factor is that such managers “won” as a result of skill and that skills remain for a period of time. In sports, team owners and sports fans rely on the persistence of skill. By analogy and as shown by the analysis herein, the same holds for crypto managers’ performance.
Results demonstrate that crypto portfolio management strategies that consistently outperform do so as a result of skill. One remaining question is whether it is possible to translate this knowledge into a winning strategy for investing in crypto strategies. Many such strategies may exist.

Table 1 – Top 10 strategies by net return managed by skilled managers

Investors seek positive risk-adjusted returns that also account for all transaction costs and/or management fees.

While acknowledging the importance of measuring risk, asset allocation and diversification are fundamental risk management concepts for thousands of years. They are also one of the core concepts behind modern portfolio management strategies. Fundamental finance principles, along with common sense, dictate that investors account for both risks and return, yielding some measure of positive risk-adjusted returns that also account for all transaction costs and/or management fees. About performance fee cost and gross-net returns, you can read in this article. In other words, investors seek positive alphas (a’s), i.e., risk and cost–adjusted positive returns. Alpha is a term used in investing to describe an investment strategy’s ability to beat the market or its “edge.”  We can see in table 1 that all crypto strategies managed by skilled managers have a positive alpha. It men’s that managers deliver excess returns.

Statistical technique to detect whether skill drives the superior performance of some crypto portfolio strategies.

For example, while the probability that a person flips a coin and ends up with ten heads in a row is less than one in a thousand (1/1032 = 0.098%), such strings of luck do occur, and when they do, it does not skill on the part of the person flipping the coin. Some of the hundreds of crypto portfolio management strategies may end up the “winners” for prolonged periods of time. Naturally, investors need to know whether streaks of superior performance are due to skill. The analysis herein demonstrates that such streaks exist within the family of digital assets management strategies and are due to skill, not luck.
Competition alone in sports dictates that not all professional teams can win; the most highly skilled teams appear to win more often.

The simple model provides a useful, practical tool for assessing the impact of skill and luck on portfolio performance. This technique, the generalized binomial distribution, models a sequence of n Bernoulli events in which the result of each event is either success or failure (i.e., successive quarters during which strategy outperform or do not outperform 75% of all strategies). We gauged Beta, Alpha, Sharp. Beta measures the relative volatility of an investment. It is an indication of its relative risk. Alpha and beta are standard calculations used to evaluate an investment portfolio’s returns, along with standard deviation and the Sharpe ratio.

When the model is applied to a sample of Iconomi crypto strategies managers (history from 7/1/2020 to 6/30/2021 and ACS over 100 thousand $), the results indicate the most of the annual variation in performance is due to luck, not skill (Table 2). Nonetheless, the model provides another way of analyzing performance data. The analysis also supports the view that rankings of crypto strategy performance provide almost no information regarding management skills. Potential investors are better advised to consider the data in this article than to rely on such rankings.

We have covered each of the strategies, and we can display the results in simple grids. That way, we can directly compare some strategies we examined.


Table 2 – 10 assets coping strategies managed by lucky managers

We can see in table 2 that all crypto strategies managed by lucky managers have a random alpha. It means that some of these managers are lucky, the others are unlucky, but they are not skilled. We noticed that half of the portfolios were not well diversified. With the same technique, we also detect unskilled managers (Table 3). Each of them delivered negative alpha. With their work, they were destroying the return they could get.

Table 3 – Bottom 10 strategies by net return managed by unskilled managers

Should individuals include actively managed crypto strategies in their investment portfolios?

They should if and only if the result of active management is superior performance due to skill. This paper employs a previously ignored statistical technique to detect whether skill drives the superior performance of some crypto portfolio strategies.
In contrast to a large degree of extant evidence, the approach demonstrates that skilled crypto strategy managers exist – persistence in superior performance cannot be attributed to luck. Results display a statistically significant proportion of crypto strategies. However, small in number (10%), they outperform their peers on a risk-adjusted basis and do so due to skill, not luck (Table 1).

We gauged Crypto Strategies, which were actively managed with the limit represented by passively managed index strategies (2100News Ethereum Tokens Index and Blockchain index). Above the limit were a few strategies. A good deal of prior evidence indicates that most actively managed crypto strategies fail to outperform these two passively managed index strategies.
This result signifies the rationality of entrusting one’s wealth to successful and skillfully managed cryptocurrency portfolio management strategies. Hence, a well–designed portfolio that includes actively managed crypto strategies may trump a wholly passive index strategy.

We hope this gives you a better understanding of what to look for when picking a Crypto Strategy to follow for your investment.


BrankoJune 28, 2021


How to choose which Crypto Strategy to follow?

There are graphs and a lot of numbers on the platform with many Crypto Strategies. If you don’t know what to look for, it’s easy to feel overwhelmed. The most important things to consider are the same things that people look for in traditional finance Net Returns and Risk. Any endeavor of investing over the long term needs an ability to analyze performance and draw the right conclusions. The obvious questions that need to be addressed. The result—how well did your investment decisions fare? The result can be described in a few different ways. First, how much money did you gain or lose? Second, as a percentage of the amount invested, or absolute return. Third, as a percentage after adjusting for time invested. This measure is usually called annualized return. Fourth, as a comparison to a benchmark.

Gross – Net Returns

Returns are important since they show you the past performance of a Crypto Strategy. Although past performance is not a guarantee for future performance, this can be a useful indicator since it can give you a good idea of a strategy’s performance compared to other ones. Iconomi shows gross returns on strategies. Table 1 below shows the top five strategies and benchmark index by gross return. It is important to know that investors do not get these returns.

Table 1 – Top 5 strategies by gross return

Table 2 shows the Top 5 strategies by assets copying.

Table 2 – Top 5 assets copying strategies

Strategies charge various management fees, performance fees that appear to reduce the total or net return to investors. Otherwise, the logic is not simple; the greater the gross return, the better! For instance, You selected the strategy you had wanted to follow, remain vigilant, and monitor your portfolio closely. After one year, you noticed that return of your portfolio is much lower than the readings of returns on Iconomi for the strategy you follow.

Net strategy returns

Only net returns are important for followers because net returns increase their wealth. The publication of gross return is just a marketing show of managers to attract followers. Gross returns often mislead to wrong decisions. It is possible that the fruits do not show up more generally in net strategy returns because they are absorbed by expenses. The tests for net strategy returns ask whether active managers have sufficient skill to cover all their costs. Specifically, whether managers have enough skill to cover the costs of performance fees missing from expense ratios. Last but not least, make sure to check the fee structure of the strategy, so you will know how much you will be paying the Manager for their work. When it comes to the fees, let us also point out the “Performance fee.”

Fee structure – Performance fee costs

In other words, we examined strategy-by-strategy performance to determine performance fee costs, which investors must consider. The range of outcomes is wider than expected. According to the performance fee structure, some strategies charge monthly, some charge weekly, and the rest of the strategies do not charge a performance fee.

The table above shows 13 crypto strategies on the Iconomi platform, their Performance Fee structures, Performance fee costs in one year, gross return, and investors’ crucial factor, Net Returns. Investors must understand:

  • Since the platform itself does not publish net returns, we had to calculate them from the data we obtained through the API
  • Performance fee significantly changes the order of performance of strategies (the second most successful strategy in terms of gross return (1352%) is significantly worse for the investor and is in fifth place, as it has only 742% net return.
  • Weekly or monthly fee has the compound effect, which causes that investor Performance costs are much higher than expected. For instance (FutureProof), Investors might think they would pay 20%, but the costs at the end of the year were 42.03%.
We hope this gives you a better understanding of what to look for when picking a Crypto Strategy to follow for your investment.


BrankoNovember 1, 2019


2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering. We want our contributions  (Contents and Tools on to be useful for helping investors. We claim to not be afraid of competition from larger firms.

We analyze and gauge the entire crypto market. One of our goals is to follow methodologies and processes widely used in the professional capital markets and to establish ourselves as a tool provider. Any tool that provides insights into what drives token’s and coin’s prices up and down is a welcome addition to every investor’s arsenal.

Our “The Voice” approach is different from the dominant hype or automatic calculation gainers/losers without enough depth of insight that can lead to a totally incorrect assessment of the situation. Our rational addition is based on measurement and experience from financial markets, so we build the environment and participants for such a rational look, which until now has been lacking. People expect a crystal ball, but we are handing out road maps and compasses. After they get their fancy new road map and compass from us, they wonder why it isn’t acting like a crystal ball. You have to read the map and use the compass, and those things are outlined in all of our analyses!

We primarily focus on the financial aspect of the crypto ecosystem. Some of the tools are useful for helping professional investors and daytraders. Our work and tools are dedicated to those crypto investors, who devote only a fraction of their time to monitoring and investing in crypto. Not every comment and every tip are good for everyone. We also want our analysis, reports,  and tools to be such that enable those crypto investors building a solid, cold rational investment base so that they can balance the emotions, fears, and greed that always make their way.


Our work and tools can be classified into four sections:

  1. The first is contributions and tools to help you design your own set of Digital Assets (Coins, Tokens) that you think are appropriate for you to invest some of your money in them. Our ultimate mission here is to promote transparency in the industry such that investors are more informed about where they invest. We present Tokens and Coins through:
    • Movers of the day More than 600 different Digital Assets were presented in daily reports in twelve months. Movers of the Day Digital Assets picking is not an automatic algorithmic search, but something more what we have labeled »The Voice«. From this, benefits arise because someone took the time and checked if the selected Digital Asset fulfills a wider set of important properties (for example kind of market situation, according to technical analysis of the price movement, orderbook quality on the exchanges …). This set of Digital Assets is extremely volatile, and there is always something going on with them, Movers of the day should be taken as a warning that with Digital Assets, which you may be own, something happens that it might be meaningful to do something (partly sell or make an additional purchase).
    • Crypto highlights – special analysis of 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective.
    • Winner member After biweekly 2100NEWS Digital Assets indexes revisions, We select the member in the NWSL100 crypto index with the biggest jump in our ranking.
    • In all three cases for each presented Digital Asset is added information on its membership in the 2100NEWS DA Indexes, its overall 2100NEWS ranking and its DAOQE grade, score. Our DAOQE – 2100NEWS crypto DA (Tokens, Coins) orderbook quality evaluation is determined by taking into account “market quality” via quantitative order book data. It is absolute and peers comparison. We measure the market quality of each DA using a combination of 6 metrics (derived from trade and order book data) that aim to measure the cost to trade, liquidity, market stability. We analyze the market on the exchange with the highest volume. Due to the fact that trading volume may be fake, it is misleading to use it as a sole gauge of liquidity. Two systems were implemented:
      • An absolute scoring system to assign a fixed score to any given Digital asset (DA) orderbook and
      • A relative grading system to assign each Digital Assets (DA) a grade (excellent, good, ordinary, Poor, Extremely weak) based on its total score in relative comparison to its peers on the markets.
  2. The second is contributions and tools to help you gauge and measure Digital Assets (Coins, Tokens).We present:
    • 2100NEWS DA Indexes. A professional index will give market participants a quick and concise impression of the direction of the relevant market segment or asset class. 2100NEWS Digital Assets Index series tracking both cryptocurrencies and digital tokens. Digital Assets – Cryptocurrencies indexes are benchmarks for the crypto market.
    • The 2100NEWS DA Factor Indexes were developed to show that different groups of Digital Assets behave differently in certain market conditions (decoupling). Crypto Intermarket analysis is a branch of technical analysis that examines the correlations between four major factors: Coins, Tokens, Ehtereum based, and not Ethereum based Tokens. Chartists can use these relationships to identify the stage of the business cycle and improve their forecasting abilities. Knowing these relationships can help chartists determine the stage of the investing cycle.
    • The 2100NEWS DA Tradable Indexes were developed to show different groups of Digital Assets which are underlying for crypto index funds. The 2100NEWS Tradable Indexes are derived from 2100NEWS Digital Assets Indexes run by 2100NEWS for 15 months.
    • Crypto Market Breadth indicators are powerful technical analysis tools that gauge the direction of the market and help determine if it’s bullish, bearish or neutral. They offer a different perspective on the markets that can’t be seen through other indicators by analyzing the degree of participation in an advance or a decline to see whether or not an uptrend or downtrend is broad-based and therefore likely to continue.
  3. The third is Reports and outlooks:
    • Weekly crypto report We gauge the crypto market breadth,  direction of the market, the most important price patterns, important decisive price levels, momentum, volume of trading. We use crypto Intermarket analysis to examine the correlations between major factors. On the basis of all this, we formulate and present a comprehensive overview of what has happened over the past week. We also present the main changes in the composition of DA indexes.
    • Real-time News on Twitter Crypto squawk  @SquawkCrypto Crypto Market insights from the desk… real-time analysis, crypto debate
    • Weekly Insights
  4. The fourth is Crypto Index Funds
    • 2100NEWS Crypto Funds are available at Iconomi who is a gateway to diversified crypto investments for the crypto community. 2100NEWS introduces Crypto Funds for investors seeking a low-cost way to gain exposure to the crypto market.
    • 2100NEWS Index Crypto Funds are passively managed Crypto Funds. The fund portfolio holds all stocks in the same capitalization weighting as the index. The experience and stability of 2100NEWS have permitted continuous refinement of techniques for reducing tracking error.
    • The funds track the massively popular 2100NEWS Digital Assets Tradable Indexes. The common feature of NWSLT, NWSCOT, NWSET is that they are slightly correlated. You can diversify your portfolio as these digital assets moved in unique directions. This is called non-correlated asset diversification. You will spread your risk and therefore have the opportunity to grow your portfolio while experiencing fewer bumps along the way. These funds are very suitable for swing trading.

About us

We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on to be useful for helping investors.



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