Invictus Capital: Weekly Wrap 03.12
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Market News
We saw a volatile week in traditional markets. Monday opened cheerfully after Friday’s omicron-driven selloff, with markets downgrading their fears that the new variant would bring about a new round of lockdowns globally. JP Morgan even offered up a potential scenario in which the new variant, if it caused less severe illness, would be a boon for the global economy by crowding out the delta variant’s impact. The market mood was, however, short-lived. Tuesday saw Fed chairman Powell testify before Congress that inflation could no longer be viewed as a transitory phenomenon, finally shattering the market dogma in place over much of 2021.
The dollar initially sold off as equities and gold rallied, however, Powell’s testimony helped steady the dollar’s decent from Tuesday — ending the week flat while gold ended down. The yield curve, a common measure of market growth expectations, flattened slightly indicating that the Fed’s response against inflation would work, but at the expense of slowing long-term growth.
Bitcoin had a flat week spent within the $56k-59k range — despite a bout of volatility following Powell’s Tuesday remarks. Ethereum rallied to $4,700 after four consecutive days of growth (and an all-time high in BTC terms). Elsewhere in the altcoin market Terra (LUNA) posted a standout performance as it broke record highs, while Polygon (MATIC) surged to $2 as it holds on to its position as the most popular Ethereum layer-2 scaling solution. Solana also had a stellar week as Grayscale, the largest digital asset management firm globally with over $50 billion in AUM, launched a Solana fund that caters to high net worth and institutional clients. These surging altcoin market caps have seen Bitcoin’s market dominance slip to around 40% (from the 47% seen in October).
Indicators (26 November — 03 December)
- Invictus Margin Lending (IML): $1.30, +10.86% (weekly compound annualized rate)
- Crypto10 Hedged (C10): $9.12, +2.45%
- Crypto20 (C20): $5.39, -0.79%
- Invictus Bitcoin Alpha (IBA): $2.88, -5.18%
- Invictus Hyperion Fund (IHF): $0.466 (Updated Q3–21)
- Invictus Capital Token (ICAP): $9.64, -10.14%
- BTC: $56,458.52, -4.26%
- ETH: $4,510.25, -0.21%
- GOLD: $1,769.26, -1.26%
- S&P500: 4,577.10, -2.65%
World’s First Tokenized Crypto Index Fund Turns 4
Crypto20, the world’s first tokenized cryptocurrency index fund, has officially been operational for 4 years.
We’re incredibly grateful for the calibre of investors who have joined us on our journey and are eager to continue to deliver access to democratized financial products that are efficient and affordable to people around the globe, regardless of socioeconomic status.
Read more here.
The Invictus Podcast: Episode 12
The latest Invictus Podcast episode features Air Guitar Academy & Jemmyjemm from MonkeDAO.
They discussed:
- Investing in NFTs
- The future of gaming
- The role of VCs
Watch it here.
Invictus Incubations: Invictus Makes Foray Into Fast-growing NFT Space
Invictus is proud to announce involvement in two new NFT projects: The Invictus NFT Lab — Out Of Africa Collection and the incubation of Air Guitar Academy. Check out the Litepaper.
Read more in the post here.
Invictus Yield Vault
Invictus Capital is thrilled to announce the public launch of the Invictus Yield Vault. The Yield Vault allows qualifying lenders the opportunity to lend a minimum amount of $25,000 BTC, ETH and/or Stablecoins for highly competitive interest rates to Invictus Alpha, Invictus Capital’s trading division.
The Vault is now seamlessly integrated into the investor portal on the Invictus Capital website! Prospective crypto lenders now have a single web location to effortlessly view Yield Vault information, crypto lending interest rates, FAQ information, and contact our Yield Vault Team.
To view our rates and contact our Vault team, please visit our landing page.
Borrow Against Your Crypto With Peace of Mind
Crypto users can now borrow against their crypto secure in the knowledge that their investment will not get liquidated.
Invictus Alpha (the trading company of Invictus Capital) has engineered a new product that is offering users the opportunity to borrow USD-based stablecoins (or BTC and ETH) against BTC and ETH with no risk of liquidation.
Check out the articles here and here. To inquire, please complete this form.
Schedule a call with the Invictus Sales Team
Schedule a call with Tom or Ivor from our Fund Sales team if you have any questions or need assistance with your Invictus investment(s).
Alternatively you can call us on +1 (345) 769–7491 between 7:00–16:00 GMT.
Other News & Links
- Invictus in the Press/News
1. Invictus Blog: Passively Increase Your Crypto Holdings, Whilst Earning Market Leading Fixed Interest Rates!
2. Blockonomi: Gain Exposure to Bitcoin, with Downside Protection - Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high
- SolStreet News
1. Competition Results - JPMorgan strategist says buy the dip as Omicron may accelerate pandemic’s end
- Syntropy News
1. Syntropy in November: Nominator Staking, AMA with William B. Norton, Windows Application Production release and more - Grayscale launches new trust dedicated to Solana
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