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.

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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 may delay the acceptance of in-kind subscriptions in order to help maintain tax-efficiency.

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 $3B+ in Bitcoin and Ether since its launch in November 2018.

3.The Trust has restrictions on liquidity and redemptions

Investors in the Trust will be required to hold their Trust shares for a minimum period of 12 months from their initiation subscription.

After a 12 month lock-up, shares may be redeemed from the Trust on a quarterly basis with 60 days written notice.

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

Quarterly redemptions after an initial 12 month lockup

Performance

Proven Performance

The Trust’s quantitative active management utilizes the systems from Cambrian’s Hedge Fund, which has traded $3B+ of BTC and ETH since November 2018. The Cambrian figures shown are the actual performance of the Trust’s strategy executed within our affiliated hedge fund from November 2018 through October 10, 2021, net of estimated Trust fees, and thereafter the actual 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.

July 2022 Bitcoin updated bar graph
July 2022 Bitcoin updated 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 October 10, 2021, adjusted for the Trust’s estimated fees, and thereafter the actual 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 $3.0B+ 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
Quarterly upon 60 days written notice, after a 12 month lockup
Performance Fee
0%
Management Fee
4% Management Fee to Sponsor. Fees will cover all standard operating expenses but not extraordinary or trading expenses

Resources