The Case for Bitcoin in a Mutual Fund – CBOE Vest – 10.18.21

Overview:
Title: The Case for Bitcoin in a Mutual Fund
Date: Monday, October 18, 2021
Time: 1:00 PM Eastern Standard Time
Duration: 1 hour

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Summary:

Now On Demand. Investors are increasingly interested in Bitcoin and other cryptocurrencies, but some are uncomfortable dealing with the complexities of crypto exchanges, wallets, keys, and storage, let alone the volatility of the asset. Until recently, one of the few ways to navigate around these complexities was through Bitcoin trusts (such as Grayscale Bitcoin Trust (GBTC) and Osprey Bitcoin Trust (OBTC)), which can potentially come with drawbacks.

In this webinar, we examine the case for Bitcoin Futures, with a managed volatility strategy, in a mutual fund.

The discussion will include how the strategy:

  • Manages volatility to a level comparable to that of other assets.
  • Offers a greater level of security and competitive pricing relative to pure Bitcoin.
  • Potentially avoids some of the issues seen in Bitcoin trusts.

Speakers:
Karan Sood Karan Sood CEO & Managing Director, Head of Product Development Cboe Vest

Karan Sood, a founder of Cboe Vest in 2012 and the firm’s CEO, is responsible for product development and serves as a portfolio manager.

With his patent application in 2012, Mr. Sood paved the way for Target Outcome (aka “defined outcome” or “outcome-oriented”) investments, registered under the Investment Company Act of 1940, that use FLEX options to deliver targeted payoffs. He went on to build the first Target Outcome buffer index and buffer mutual fund in 2016, and one of the first Bitcoin Strategy mutual funds in 2021. Mr. Sood continues to lead the industry, advancing the development, execution and regulatory framework for derivative-based risk-management solutions for asset management, retirement and insurance.

Mr. Sood has over a decade of experience in derivative-based investment strategy design and trading. Prior to founding Cboe Vest, he worked at ProShares in Washington, DC, and Barclays Capital in New York and London. As a vice president for Barclays, he was responsible for using derivatives to design structured investment strategies and solutions for their institutional clients in the Americas and Europe.

Mr. Sood received a master’s degree in decision sciences and operations research from London School of Economics & Political Science. He also holds a bachelor’s degree in engineering from the Indian Institute of Technology, Delhi.
Taylor Krystkowiak Taylor Krystkowiak Vice President of Product Management Cboe Vest

Taylor Krystkowiak serves as vice president of product management and has over eight years of experience in the financial services and asset management industries. Mr. Krystkowiak is responsible for conducting macroeconomic research, creating content, and presenting analysis that showcases how Cboe Vest’s innovative product offerings can be positioned to overcome current challenges facing investors. As an investment specialist, he provides support to the firm’s sales staff and custom-tailored portfolio solutions to prospective clients.

Mr. Krystkowiak obtained his undergraduate degree in economics and finance from Harvard University, where he graduated with highest honors and earned admission to the Phi Beta Honor Society. He is currently pursuing his master’s degree in finance from Harvard University with coursework in econometrics, behavioral economics, public policy, and quantitative statistics.

Prior to joining Cboe Vest in 2020, Mr. Krystkowiak was an Investment Strategy Analyst at Raymond James. There he authored macroeconomic analysis and research while supporting the firm’s Investment Strategy Committee, strategic asset allocation models, and tactical trading guidance.
For Financial Professional Use Only – Not for Public Distribution Investing involves risk, including the possible loss of principal. Past performance does not guarantee future results. Bitcoin and bitcoin-related investments are a relatively new asset class and are subject to unique and substantial risks, including the risk that the value of such investments could decline rapidly, including to zero. Bitcoin and bitcoin-related investments have generally exhibited high price volatility relative to traditional asset classes.