Kronos Capital — 12/23: Strong Performance and Anticipation for BTC ETF Approval
Dear Kronos Capital Community,
Happy New Year! We’re thrilled to share some highlights and insights as we kick off 2024.
Performance Update: Outpacing Bitcoin
Since December 1, Bitcoin has risen by 12.7% with a max drawdown of 11%. In comparison, Kronos Capital has achieved a +16.5% gain with a minimal 2.2% drawdown. Our commitment to consistent, positive returns and risk management remains steadfast.
Anticipating BTC ETF Approval: Navigating Market Indecision
The pending Bitcoin Exchange-Traded Fund (ETF) approval in early January has the market on edge. Expect lower volumes leading up to the decision — likely coming up around January 6–10 — with potential volatility spikes before and after. Our team is prepared to capitalize on these market dynamics.
Strategic Outlook: Leveraging Low Volume and Volatility
As we anticipate low volumes, we’re gearing up for potential market shifts, with a new downtrend not out of sight. With volatility expected around the approval date, we aim to position ourselves strategically to maximize returns. However our algorithms remain buy only, following our market regime indicator. (See graph below)
Thank you for your continued trust.
Best,
Alex, CEO & Fund Manager @ Kronos Capital
