Alpha Architect to Launch Long/Short Cryptocurrency ETF

///Alpha Architect to Launch Long/Short Cryptocurrency ETF

Alpha Architect to Launch Long/Short Cryptocurrency ETF

By |2018-04-01T08:31:02+00:00April 1st, 2018|Business Updates|

Alpha Architect announced today they’d be releasing a cryptocurrency ETF.

Photo by Andre Francois on Unsplash

When asked for details around the methodology, Dr. Wes Gray, CEO of Alpha Architect, said:

We saw a lot of talk about it on twitter. Our methodology is pretty straightforward. Jack and I will do a little research each morning to assess the direction of bitcoin, but we’re mainly going to rely on our gut feel for which cryptocurrencies to own and which to go short. Our backtest over the last three months is very compelling.

The Alpha Architect backtest had not been tested out of sample yet, but Wes felt what the evidence and economic foundations were robust enough to move forward.

Patrick Cleary, the Chief Compliance Officer, has already approved the backtest and confirmed that the backtest performance will reflect future performance. His video testimony is available here:

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Dr. Jack Vogel, CIO of Alpha Architect nodded in approval and added:

Yeah, you gotta be in it to win it.

When asked for the inspiration of the fund, Wes mentioned he saw the show Billions on Showtime and really liked how the traders on that show, “just wanted to compound their faces off.” In a follow-on interview, Dr. Gray was surprised to hear the show was not a documentary but said that didn’t change how he feels about it.

No word on the launch timing yet, but Wes Gray said they’re targeting the ticker FOOLS.


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About the Author:

Ryan Kirlin
Ryan is the Head of Capital Markets for Alpha Architect. He works to assist financial advisors and institutional investors in building tax-efficient and liquid portfolios.Ryan began his career at the New York Stock Exchange. As part of the Exchange Traded Fund Group, Ryan worked with ETF issuers to launch over 650 exchange-traded products. He also assisted in building indexes for ETFs, participated on weekly calls with the SEC trying to get approval for innovative ETFs that fell outside the standard rules, and guided new ETF issuers through the process of taking an ETF to market. He then transitioned to RevenueShares to be their Head of Capital Markets, which during his time grew from $450 million to $1.1 billion in assets under management and was eventually sold to the mutual fund company, Oppenheimer Funds.
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