Trakx Weekly Update: January 16, 2023

Key Crypto Market Figures

Crypto Tradable Indices (CTIs) Weekly Performance

Despite the SEC charging Genesis and Gemini with offering unregistered securities, crypto markets were a sea of green last week led by double-digit gains in the major tokens. As a result, our Top 10 Crypto CTI rose almost 15% - the strongest monthly gain since mid-July. The move higher was largely fundamentally driven and reflected improved sentiment following the release of the December US CPI report. While in line with expectations, it nevertheless continued to point to decelerating inflation boosting hopes the Fed tightening cycle is nearing completion.

Two standout performers were Solana and Avalanche, which gained 43% and 33% respectively. Both feature in our ESG CTI and our Top 10 Proof-of-Stake CTIs helping them rally 38% and 19% respectively. The rise in Solana appears to reflect crypto players’ belief that after last year’s shenanigans, entirely attributable to people, not the tech, demand for Defi projects will do well in 2023. Avalanche, meanwhile, gained on news that Ava labs have partnered with AWS to offer crypto infrastructure.

Sources: Coingecko and AlphaVantage

Market Trends

• Winklevoss firm charged in US over crypto sales: BBC
• 3 blockchain use cases that extend beyond crypto: Cointelegraph
• SEC Charges Genesis and Gemini — Winklevoss Says Regulator's Lawsuit Is 'Super Lame': Bitcoin.com
• Bitcoin retakes $17K as interest rates plunge following economic reports: Coindesk
• Citi says Solana blockchain activity Remains high: Coindesk
• Avalanche (AVAX) shakes hand with Amazon’s AWS to crush the crypto markets: TheCoinRepublic
• Ethereum developers say Shanghai upgrade remains on track for March: Decrypt

Trakx News

• Ryan Shea was quoted by Adam Morgan McCarthy in TheBlock

Trakx CTIs Performance

Sources: Coingecko and AlphaVantage

*Return of bitcoin is calculated since 01/05/2020, while CTIs performances were calculated since their respective launch date.
**Includes simulated performance.
***The risk signal is determined according to the historical volatility level, the higher the riskier.

Trakx is a global fintech company creating new standards for digital asset investments. Through our trading platform, we offer thematic Crypto Tradable Indices (CTIs) and customised solutions, providing sophisticated investors a high degree of compliance, custody and liquidity. Trakx is registered with the French regulator (AMF).

Disclaimers: No Investment Advice. Index returns and statistics are for illustration only. Index returns do not reflect any transaction costs or expenses. Past performance does not guarantee future results. The information provided in this newsletter does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the newsletter content as such. Trakx.io does not recommend that any cryptocurrency should be bought, sold, or held by you. Readers shall conduct their own due diligence and consult their financial advisors before making any investment decisions.