The Pilane Capital Bitcoin Index (PILCOIN) is an actively traded single-focus cryptocurrency index based on the world’s largest by market capitalization.
The index is inclusive of total returns – dividends and other returns will be reinvested into the index or held as “cash value” until the next rebalancing date. The index return does not account for fees or tax withholding.
- Ticker: PILCOIN
- Inception date: 9th January 2024
- Weighting: Equal
- # of holdings: 1 – subject to change depending on market conditions, see below.
Developed by D J Thomas, The Pilane Capital Bitcoin Index captures the growth potential of Bitcoin whilst protecting downside risk with cash equivalents.
2024 was the year when Bitcoin and by extension the entire cryptocurrency ecosystem, became mainstream with the high-profile launch of several exchange-traded funds by well-established firms in the TradFi space.
We believe that the demand for Bitcoin will only increase as more and more people and businesses transact and exchange value using cryptocurrencies.
The Pilane Capital Bitcoin Index (PILCOIN) is not a simple buy-and-hold play; we use cash equivalent securities during market corrections to protect the value of the index whilst still gaining exposure to Bitcoin.
The index will reconstitute each quarter, in March, June, September, and December.
The Pilane Capital Bitcoin Index is a research-driven cryptocurrency index designed to capture the growth of Bitcoin’s value whilst protecting value during market corrections with cash equivalent securities.
The institutional adoption of Bitcoin is the first step in a wave of exchange-traded funds that we feel will flood the market over the short term.
Despite all this, Bitcoin holds rank, not just because it was the first to be adopted by institutions, but because it has been accepted as a medium of exchange, and as a store of value by a sizeable amount of market participants.
Its utility has become entrenched.
The Pilane Capital Large-Cap Index uses fundamental and technical research to determine the value of Bitcoin at all times.
D J Thomas is a large-cap tech and cryptocurrency investor with over 15 years of experience who also writes a Substack.
For a detailed view of current holdings, view the product page.