Funds:
Bitcoin-only strategy with one goal: to accumulate more BITCOIN.
This investment approach employs sophisticated options strategies, grounded in rigorous quantitative analysis and proprietary modeling.
The Fund's strategies shall employ a disciplined risk management framework that continously adapts to evolving market conditions, seeking to optimise the risk-return profile throughout varying market cycles. This data-driven methodology enables the Fund to maintain strategic positioning while capitalizing on both directional and non-directional opportunities.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 5.61% | 5.18% | 8.06% | 1.92% | 1.57% | 10.48% | -1.23% | 3.20% | 0.24% | 6.42% | -2.10% | 6.13% | +55.11% |
| 2024 | -3.09% | 11.29% | 1.84% | -2.99% | -0.27% | -1.49% | 1.38% | 2.89% | 3.62% | -1.01% | 8.48% | -1.54% | +19.62% |
| 2025 | 4.51% | -0.48% | 0.75% | 1.15% | -0.68% | 1.68% | 2.91% | 0.17% | +10.70% |
As illustrated in the chart above, an investment of 1 BTC in January 2023 would have grown to 2.0031 BTC by 6/2025 after fees.
Counterparty risk is one of the major risks the Fund has. To mitigate this risk, the Fund is leveraging Fireblocks' off-exchange service, ensuring that the Fund's assets remain under Fund's direct control.
This arrangement enables full control of the Fund's digital assets, while executing trades as if they were on trading venues. By using off-exchange the Fund seeks to significantly reduce counterparty risk without compromising liquidity or trading efficiency—a cornerstone of the Fund's risk management aligned with institutional best practices.
No Free Lunch Fund Limited (NFL) has been established in Gibraltar as a private company limited by shares pursuant to the Companies Act of Gibraltar (as amended from time to time). It is also a Private Scheme within the meaning of the Financial Services Act 2019. Investors should take note that the Shares as set out in the Private Placement Memorandum have not been qualified for offer or sale to the public under the securities laws of any country or jurisdiction.
The material provided on this website is provided for information purposes only, and is not intended and is not to be taken as an offer or solicitation to anyone in any jurisdiction.
Please note that NFL activities may be restricted in certain jurisdictions. It is the responsibility of any persons wishing to approach NFL to inform themselves of, and to observe, all applicable laws, regulations, and legal requirements of any relevant jurisdictions of their respective citizenship, residence, or domicile.
Let us know your thoughts, questions, or interest in our services. We are here to help you.