The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price.
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BTC/USD$ 93,045.93 4.87%
ETH/USD$ 3,410.86 1.63%
USDT/USD$ 1.00 0.03%
SOL/USD$ 234.35 7.22%
BNB/USD$ 634.70 3.78%
XRP/USD$ 1.41 0.38%
DOGE/USD$ 0.392476 7.57%
USDC/USD$ 1.00 0.04%
ADA/USD$ 0.944586 6.76%
STETH/USD$ 3,411.77 1.46%
AVAX/USD$ 41.30 1.28%
TRX/USD$ 0.195807 6.10%
TON/USD$ 6.06 1.11%
WSTETH/USD$ 4,052.21 2.37%
SHIB/USD$ 0.000025 3.11%
XLM/USD$ 0.478961 7.96%
WBTC/USD$ 93,273.99 4.44%
DOT/USD$ 8.22 5.10%
LINK/USD$ 17.35 3.28%
WETH/USD$ 3,416.16 1.69%
BCH/USD$ 489.66 4.40%
SUI/USD$ 3.19 5.87%
PEPE/USD$ 0.000019 5.64%
NEAR/USD$ 6.44 7.99%
LEO/USD$ 8.22 3.64%
LTC/USD$ 92.22 4.63%
UNI/USD$ 11.08 2.31%
WEETH/USD$ 3,602.43 1.87%
APT/USD$ 11.79 5.12%
ICP/USD$ 11.51 0.74%
USDS/USD$ 1.00 0.08%
HBAR/USD$ 0.134162 7.30%
CRO/USD$ 0.176424 6.33%
ETC/USD$ 29.57 3.39%
POL/USD$ 0.545941 4.02%
TAO/USD$ 545.26 2.99%
USDE/USD$ 1.00 0.13%
RENDER/USD$ 7.48 6.33%
KAS/USD$ 0.148718 1.75%
ARB/USD$ 0.900004 4.97%
FET/USD$ 1.42 6.79%
DAI/USD$ 1.00 0.01%
WBT/USD$ 23.91 1.74%
TIA/USD$ 7.77 0.88%
FIL/USD$ 5.44 4.12%
VET/USD$ 0.040349 8.39%
BONK/USD$ 0.000043 9.08%
STX/USD$ 2.09 0.53%
WIF/USD$ 3.19 0.77%
OM/USD$ 3.50 3.20%