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According to Bloomberg, AlphaLongBiased strategy fund under investment management company Pythagoras has performed well since its launch, with a 230% increase so far this year (206% after deducting fees), consistently outperforming Bitcoin except for two months. The fund was launched a few weeks before the approval of the spot Bitcoin ETF in January 2024. The fund investment portfolio adopts a three part allocation method: one-third is allocated to core Bitcoin positions, one-third uses trend tracking strategies (which can be flexibly adjusted to double leverage according to market conditions), and the remaining one-third is allocated to market neutral, beta neutral, and US dollar neutral long short strategies. Mitchell Dong, the founder of the fund, stated that the product aims to provide investors with investment options superior to spot Bitcoin ETFs. @drip