Long Only Fund

The primary investment objective of the Fund is to gain direct exposure to the Layer 1 cryptocurrency market, with a secondary objective of capturing delta neutral yield via farming or staking.

Relative ownership represents the ownership of the protocol in terms of percentage of fully-diluted market cap, normalised to the fund's percentage ownership of ETH.

It does not only indicate relative probability of winning the L1 race, and reflects ongoing relationships, sales restrictions, and other factors.