June 2024 QARs: A Balancing Act of Industry Milestones and Macro Headwinds

Recorded 13 June 2024.2024 is already crystallised as one of the most consequential years ever for digital asset adoption, but unfortunately, the recent quarter saw asset prices mostly consolidating - at best.As CF Benchmarks’ Head of Research, Gabe Selby, CFA, notes in his latest Quarterly Attribution Report (QAR), “price action was primarily driven by opposing forces”.Gabe sat down with CFB’s Head of Content, Ken Odeluga in the CFB Talks Digital Assets podcast, for their regular walk through the quarter’s major crypto drivers, this time for the March - June rebalance period.Highlights:US Stock Market-Esque narrow participation for CF Broad Cap Index - Just 9 out of 45 constituents drive its 8% gainNEAR’s 74% surge anoints it as crypto’s AI touchstone - but what’s likely to happen next?Crypto’s superior diversification benefits relative to stocks, with CF Broad Cap’s consistently weaker negative correlation to rate expectations vs. Nasdaq 100If you’re a TradFi institutional manager, it’s time to add the Ether-Bitcoin Ratio to your dashboard - get Gabe’s 101!And yes; we need to talk about meme coins...