BarclayHedge Names 2 Sarson Funds Strategies in Top 5 Crypto Fund List

In the September 1st, 2020 BarclayHedge list of top performing crypto funds, both the Sarson Funds’ Large Coin and Small Coin strategies earned spots in the top five performing cryptocurrency hedge funds for July 2020.

Sarson Funds’ flagship Large Coin strategy, Blockchain Momentum LP, earned the number two spot on the list, up 35.25% MTD with the Small Coin strategy, Fifth Khagan LP, at number four, up 31.68% MTD.

Both Pantera Capital Management’s ICO Fund and Digital Asset Fund, as well Altana‘s Digital Currency Fund also made the top five.

See full listing below:

Click here for the full listing.

Sarson Funds’ Strategies Named Month’s Top Performing Crypto Funds

In the August 18, 2020 NilssonHedge list of top performing crypto funds, Sarson Funds’ Large Coin and Small Coin strategies earned top honors as the month’s two best performing cryptocurrency hedge funds.

Sarson Funds’ flagship Large Coin strategy, Blockchain Momentum LP, earned the number one spot on the list, up 35% MTD, which was just ahead of the Small Coin strategy, Fifth Khagan LP, at 32% MTD. See full listing below:

The report caps off a series of recent performance awards for Sarson Funds cryptocurrency investment products, including recent awards from BarclayHedge.

Read the full list and article, HERE.

Decred (DCR) Sparks Interest: Blockchain Momentum Latest

What Worked

  • Odyssey r(OCN) an up 37.92% this week as the market heated up.
  • Decred (DCR) spiked a little over 6% in intraday trading as it got listed on KuCoin.

Upcoming Catalysts

  • WGR – Wagerr just started “direct-chain” betting. The mainnet fork allows users to place bets against the chain, with the chain burning and minting coins as require
  • BTG – Bitcoin Gold will be delisted from Bittrex today after details of an $18 million hack from May emerged this week.
  • BTC – Morgan Stanley is looking into jumping into the Bitcoin derivatives market.
  • Goldman Sachs Trading Desk- Goldman Sachs noted that the development of a Cryptocurrency Trading Desk was based on fake news. However, they are focusing on custody solutions for cryptocurrencies. UPDATE: The CFO of Goldman Sachs clarified that there is still ongoing development of a cryptocurrency trading desk.
  • OKEx Founder – The founder of the number #2 cryptocurrency exchange by adjusted volume was questioned by the Shanghai authorities about potential fraud in the

BTC Market Activity

Bitcoin reaching the bottom of a triangle formation that started at the peak of bitcoin in December 2017. The end of this pattern may see a surge in the coin’s volatility. Bitcoin’s fundamentals suggest that with bitcoin still seeing unusually high, normalized, NVT, the coin is likely to depreciate through $6,200 before holding steady in the $4,000 range. However, our analysis of trading activity has found that there is a “buy wall” of orders at the $6,000 level determined to keep Bitcoin’s price above this resistance line. This buy wall on bitcoin’s order books may signify a buying pressure that could spark a bitcoin rally as selling pressure wanes.

Technical Indicators

  • ADA, ADX, BTC, DCR, and XRP – On Wednesday, prior to the small rally in the cryptocurrency markets, we found that Cardano (ADA), AdEx (ADX), bitcoin (BTC), Decred (DCR) and Ripple (XRP) were all developing accumulation patterns. These trades were timed welled as the alt-coins markets soon rallied with bitcoin and Ethereum.