Spiko Digital Assets Cash & Carry FundPrice

(SPKCC)

The Spiko Cash & Carry Fund (SPKCC) is a regulated Web3 investment vehicle that systematically allocates capital between two strategies. It utilizes a crypto "cash-and-carry" trade, primarily with CME Bitcoin and Ethereum futures, and invests in short-duration U.S. or European Treasury bills. Its core objective is to achieve market-neutral returns that surpass traditional risk-free rates, bridging traditional finance with decentralized finance through its tokenized fund structure.

The "Cash & Carry" strategy exploits the price difference (basis) between the spot price of cryptocurrencies and their futures prices. When crypto markets are in contango, meaning futures prices are higher than spot prices, the fund simultaneously buys the underlying asset (spot) and sells the corresponding future contract. This action locks in a predetermined, risk-free spread. If the crypto carry trade becomes unattractive or unprofitable due to market conditions, the fund dynamically shifts its allocation, reverting to holding 100% Treasury bills to preserve capital and ensure stable returns.

The Spiko Cash & Carry Fund aims to outperform the standard risk-free rate, which is typically around 3-4% for EUR/USD Treasury bills. The strategy index, underlying SPKCC's approach, has historically demonstrated annualized returns in the range of 8-10%. However, it's important to note that this expected yield can fluctuate based on prevailing market conditions, particularly the basis in crypto futures markets and the attractiveness of the carry trade. Unlike some other Spiko tokens, SPKCC's performance is reflected in its daily updated Net Asset Value (NAV).

No, not anyone can invest in or hold SPKCC tokens. As a regulated fund, Spiko adheres to strict compliance requirements, including mandatory Know Your Customer (KYC) verification for all potential investors. Only wallet addresses that have successfully completed this KYC process are added to an "allowlist" (whitelist). This means that only these pre-approved and allowlisted wallet addresses are authorized to hold or transfer SPKCC tokens, ensuring the fund's compliance with anti-money laundering (AML) regulations, particularly those from the EU.

The SPKCC token is designed for multi-chain compatibility, offering broad accessibility across several prominent blockchain networks. Investors can currently interact with and hold SPKCC tokens on Ethereum, which serves as a primary network for many Web3 assets. Additionally, SPKCC is supported on Arbitrum, Polygon, Base, and StarkNet. This multi-chain approach enhances the fund's reach within the decentralized finance ecosystem, allowing users to choose their preferred network based on factors like transaction costs and speed.

Your investment in SPKCC is protected even if Spiko, the founding entity, were to go bankrupt. This is because the fund itself is structured as a separate legal entity, specifically a SICAV (Société d'Investissement à Capital Variable), which means it operates independently. Furthermore, all the fund's underlying assets – whether cash or securities – are held by a third-party custodian, CACEIS Bank, a major global custodian. This separation ensures that Spiko’s corporate health does not directly impact the safety or accessibility of the fund's assets.