AdvisorShares Launches Managed Bitcoin Strategy ETF (Ticker: CRYP)
FOR IMMEDIATE RELEASE
Morgan Creek Capital Management CEO & CIO Mark Yusko will serve as portfolio manager of ETF
Bethesda, MD. — April 27, 2022 — AdvisorShares, a leading sponsor of actively managed ETFs, today announced that the AdvisorShares Managed Bitcoin Strategy ETF (Ticker: CRYP) will begin trading on April 27th. CRYP is sub-advised by Morgan Creek Capital Management, LLC “Morgan Creek.” Mark W. Yusko, CEO and CIO of Morgan Creek, will serve as the portfolio manager of CRYP.
The AdvisorShares Managed Bitcoin Strategy ETF (NYSE Arca: CRYP) seeks long-term capital appreciation through actively managed exposure to bitcoin futures. CRYP achieves this exposure by investing in U.S. bitcoin-related ETFs and may invest in U.S. exchange-traded bitcoin futures contracts. CRYP seeks to actively manage risk with its investment exposure based on expectations for the value of bitcoin. CRYP can tactically reduce or increase the portfolio’s bitcoin exposure from anywhere from zero to fully invested. For example, CRYP can be fully invested when the manager’s indicators suggest a future rise in bitcoin’s price. Conversely, its bitcoin futures exposure can be reduced, and moved to short duration fixed income instruments, when the manager’s indicators suggest a future decline in price.
“We believe steadfastly that blockchain technology and digital assets present a generational opportunity for investors,” said Mr. Yusko. “We feel that digital asset seasonality is a good thing for investors, and while volatility can surface, CRYP provides a risk-managed offering that seeks both to capture upside return and provide a smoother investment ride. We’re excited about this ETF and how investors can use it as a diversification tool for their digital asset exposure.”
“We’re thrilled to partner with Mark Yusko and the Morgan Creek team and leverage their experience when introducing CRYP to the ETF marketplace,” added Noah Hamman, CEO of AdvisorShares. “Mark has been at the forefront of innovation, and particularly in the digital asset space. We believe CRYP provides a risk-managed offering that differentiates it from other offerings in the ETF space.”
For more information on CRYP, visit: advisorshares.com/etfs/cryp
AdvisorShares remains committed to providing ongoing investment education for its ETF shareholders, prospective investors and the investment community at large. AdvisorShares will host a live webinar featuring Mark Yusko to discuss the CRYP ETF and his views across the digital asset market and macro landscapes. You may learn more and register at the AdvisorShares Event Center
AdvisorShares is a leading provider of actively managed ETFs. For financial professionals and investors requesting more information, call 1-877-843-3831 or visit www.advisorshares.com. Follow @AdvisorShares on Twitter and Facebook for more insights.
About Morgan Creek
Morgan Creek Capital Management, LLC is an asset manager founded by Mark W. Yusko, the former CIO of the University of North Carolina Endowment. The firm has decades of investment experience and relationships around the globe, and is a thematic investor focusing on important secular macro trends such as innovative technology, the wealth transfer to developing markets, next generation consumers, as well as demographics and new models in healthcare delivery.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information are in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.advisorshares.com. Please read the prospectus and summary prospectus carefully before you invest. Foreside Fund Services, LLC, distributor.
Alpha, one of the most commonly quoted indicators of investment performance, is defined as the excess return on an investment relative to the return on a benchmark index.
Price Momentum is the speed or velocity of price changes in a stock, security, or tradable instrument.
Sentiment Momentum analysis utilizes a systematic quantitative research platform that combines a company’s digital performance data (data about the online interactions between customers and the websites and other digital properties of the company) with fundamental financial data (such as revenue and earnings per share) to identify companies that are likely to surprise the market with better than expected financial achievement in upcoming quarters. After compiling the digital performance data for any individual company or group of companies into a digital footprint, the algorithms identify companies that are outperforming in their industry and are projected to exceed outside analyst sentiment or expectations.
Investing involves risk including possible loss of principal. The Advisor continuously evaluates the Fund’s holdings, purchases and sales with a goal of achieving its investment objective, which is not guaranteed, and judgments about the markets, the economy, or companies may not anticipate actual market movements, economic conditions, or company performance. Security prices of small and mid-cap companies may be more volatile than those of larger companies and therefore the Fund’s share price may be more volatile than those of funds that invest a larger percentage of their assets in securities issued by larger-cap companies.
Model and Data Risk: When models and data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks. In addition, the use of predictive models has inherent risk. Because predictive models are usually constructed based on historical data supplied by third parties, the success of relying on such models may depend heavily on the accuracy and reliability of the supplied historical data. The Fund may experience relatively high portfolio turnover, which may result in increased transaction costs and performance that is lower than expected.