Crypto
Nickel Digital Gold Institutional Fund Monthly Newsletter - May 2021
May 2021 - Crypto
Nickel Digital Gold Institutional Fund
May, 2021
Dear Investors and Partners,
Please follow this link to view the monthly newsletter for the Digital Gold Institutional Fund for May 2021. The Fund's NAV performance for May was -34.7% (net), which is in line with the -36.2% decrease in the underlying Bitcoin reference price as measured at 16:00 UTC on the last day of the month. Performance on the same basis year to date of 2021 was 30.2%. As a reminder, the Fund holds physical bitcoin and is designed to provide secure and efficient access to the underlying bitcoin market with daily liquidity.
Also, a summary of the major developments in the crypto industry in May 2021 can be accessed via the link - again, the strong momentum continues and there is no shortage of the news coming from the sector. All links in the summary are clickable leading to the original source.
Yours sincerely,
Team Nickel
Nickel Digital Asset Management 34 St James Street, London SW1A 1HD, United Kingdom
Direct +44 20 7947 0300
Nickel Digital Asset Management Ltd is authorised and regulated by the Financial Conduct Authority