Protecting your investment in digital currency

Cambrian Bitcoin Systematic Trust

Designed for institutional and accredited individual investors with or seeking exposure to Bitcoin. The Trust features an actively managed systematic strategy that looks to manage downside risks and maintain substantial exposure to upside potential while seeking to defer taxable events for investors.

This is an image of a lock and bitcoin logo.
Invest now

There are three elements to the
Cambrian Bitcoin Systematic Trust

1.The Trust has been specifically structured to have the ability to accept in-kind subscriptions of Bitcoin without triggering a taxable event for the investor under current law. The Trust expects to accept initial subscriptions starting on October 1, 2021.

2. The Trust’s quantitative risk management process utilizes systems originally developed for Cambrian’s flagship hedge fund product, which has traded a total of $1.5B+ in Bitcoin and Ether since its launch in November 2018.

3.Cambrian intends to apply to have the Trust’s shares approved for public quotation on OTC Markets approximately 12 months after the initial subscription date. If approved for public quotation, the Trust expects to become the first Bitcoin risk-managed investment vehicle available to public market investors. Investors subscribing directly for shares in the Trust will be required to hold those shares for a minimum period of 12 months and one day to be eligible to resell shares in the public market that may develop.

Tax Free Contributions

“In-kind” contributions structured to not trigger a tax event

Active Risk Management

A systematic strategy designed to capture upside whilst limiting drawdowns

Simple Liquidity

Anticipated future quotation on OTCQX would provide public market liquidity

Performance

Proven Performance

The Trust’s quantitative active management process utilizes systems developed for Cambrian’s flagship hedge fund product, which has traded a total of approximately $1.5B in Bitcoin and Ethereum since its launch in November 2018. The performance data shown reflects the actual performance of the Trust’s strategy as executed by Cambrian’s affiliated hedge fund from November 2018 through August 2021, adjusted for the Trust’s estimated fees, and not the performance of the Trust itself. The affiliated hedge fund also executed other strategies during the referenced period, and the total performance of that fund differed from the figures shown. Some of these returns are the result of extraordinary market events and are not expected to be repeated. Past performance is not indicative of future results and the performance shown may be lower or higher than the future performance of the Trust.

Bitcoin bar graph
Bitcoin bar graph

Proven Protection

Cambrian’s quantitative active risk management process protected investors in our affiliated hedge fund from the largest monthly drawdowns in Bitcoin, while generating returns since November 2018 that are close to those of a passive Bitcoin investor. The net result is a significant improvement of the risk-adjusted return of investing in Bitcoin and a material reduction in the downside risks associated with investing passively in BTC. The performance data shown reflects the actual performance of the Trust’s strategy as executed by Cambrian’s affiliated hedge fund from November 2018 through August 2021, adjusted for the Trust’s estimated fees, and not the performance of the Trust itself. The affiliated hedge fund also executed other strategies during the referenced period, and the total performance of that fund differed from the figures shown above. Some of these returns are the result of extraordinary market events and are not expected to be repeated. Past performance is not indicative of future results and the performance shown above may be lower or higher than the future performance of the Trust.

Systematic Approach

Cambrian's edge is honed on the real-time collection of direct market data and the rigorous application of scientific methods.

Cambrian’s quantitative systems and programmatic execution algorithms are informed by 7+ years of training data and $1.5B+ of actual trading across both Bitcoin and Ethereum since 2018. The same systems have been utilized by our affiliated hedge fund. Prior performance does not guarantee future results.

Systematic Approach Graph

Fund Details

Structure
Delaware Statutory Trust
Trust Administrators
J.P. Morgan, Sudrania Fund Services
Legal Counsel
Chapman and Cutler LLP
Audit/Tax
Ernst & Young
Banking Partner
Signature Private Bank
Custodians
Anchorage, Coinbase, Gemini, and NYDIG
Tax Treatment
Pass-through partnership K-1s
Minimum Investment
$50,000
Eligible Investors
Accredited Investors Only
Redemptions
To the extent that the Trust’s shares are approved for public quotation on OTCQX, investors will be required to hold shares for a minimum of 12 months and one day before those shares are eligible to be resold on the public market. At inception, the Trust will not operate a redemption program. To the extent that the Shares are not qualified for public quotation on OTCQX or secondary liquidity is not otherwise available for the Trust's Shares within 36 months from the date the Trust accepts its initial subscriptions, the Sponsor will initiate the operation of a redemption program in accordance with the terms of the Trust Agreement and unless prohibited by applicable law or regulation.
Performance Fee
0%
Management Fee
4% Management Fee to Sponsor until the earlier of (i) the 36-month anniversary of first initial subscription or (ii) the commencement of public quotation of the Trust’s Shares, 5% thereon after. Fees will cover all standard operating expenses but not extraordinary or trading expenses.

Resources