Crypto Market Index Fund
The Crypto Market Index Fund provides institutional and professional investors with regulated, benchmark-led access to the core digital asset market through a Swiss fund structure. By passively replicating the SIX Crypto Market Index 10, the strategy offers transparent exposure to the largest and most liquid crypto assets.
Investment Case
01. Regulated access to a new asset class
The first FINMA-regulated Swiss crypto fund, offering institutional and professional investors a credible and regulated gateway to digital assets.
02. Benchmark-led exposure
Passive replication of the SIX Crypto Market Index 10 provides transparent access to the largest and most liquid crypto assets through an investable benchmark.
03. Access to the core of the asset class
The strategy offers diversified large-cap crypto exposure through a rules-based index designed to capture the core of the digital asset market.
Market Opportunity
As the digital asset market matures, investors are increasingly looking beyond single asset exposure toward broader, more diversified participation in the sector. A benchmark based allocation provides a transparent and rules based way to access the development of the largest and most liquid crypto assets, while helping investors avoid the concentration risk of selecting individual tokens.
Fund Strategy
The Crypto Market Index Fund is the first regulated Swiss crypto fund, approved by FINMA in September 2021. The fund seeks to passively replicate the SIX Crypto Market Index 10, investing in a large cap crypto asset portfolio weighted by market capitalisation. Where required, the fund may use optimised sampling, particularly when certain assets are not yet available through the depositary’s cold storage solution. Developed through a Swiss partnership between PvB, AMINA Bank, and Matrixport Asset Management AG, the fund provides a professionally governed framework for core digital asset allocation.
Why now?
Clearer regulation is emerging
Over 70% of jurisdictions reviewed advanced new stablecoin regulatory frameworks in 2025 while the GENIUS Act was signed into law in the U.S. in July 2025 reinforcing momentum toward clearer digital-asset regulation.
Mainstream access is expanding
The approval of 19 spot crypto ETFs in the U.S in 2024 marked an important step in bringing digital assets into more conventional investment channels and broadening regulated access for investors.
Institutional conviction is strong
Institutional demand continues to build, with 73% of surveyed investors planning to increase digital asset allocations in 2026 reinforcing demand for simple, benchmark-led exposure through regulated structures.
Core Strategy Pillars
Our investment approach is anchored in four core pillars that shape how the portfolio is constructed and managed.
Benchmark-Led Exposure
Rules-Based Construction
Large-Cap Digital Asset Exposure
Optimised Sampling
The fund seeks to replicate the SIX Crypto Market Index 10, providing access to the largest and most liquid crypto assets through an investable benchmark.
The portfolio follows a transparent methodology, with constituents selected according to market capitalisation, liquidity, trading history, and institutional storage eligibility. The index is reviewed and rebalanced quarterly.
The strategy focuses on the core of the asset class by allocating to up to 10 leading crypto assets, offering diversified exposure to the market through a single vehicle.
Where certain assets are not yet available within the custodian’s cold-storage framework, the fund may use optimised sampling to replicate the index efficiently while maintaining institutional-grade implementation standards.
Portfolio Benefits
Digital assets have shown historically low or variable correlation to traditional equity and fixed income markets and are driven by different underlying return factors, which can enhance diversification within a broader portfolio.
Attractive Risk-Adjusted Returns
Digital assets have the potential to improve portfolio risk-adjusted returns, particularly when introduced as part of a broader diversified allocation.
Global Market Exposure
Digital assets represent a globally traded and continuously evolving market, offering exposure to a new segment of the financial system beyond traditional regional market boundaries.
Emerging Asset
Class
The fund provides benchmark-led access to the largest and most liquid crypto assets through the SIX Crypto Market Index 10, offering exposure to a fast-developing digital asset market.
Fund Structure Matters
01 Regulated Swiss fund vehicle
A FINMA-approved and supervised collective investment scheme. Assets are legally segregated, bankruptcy-remote, and held independently.
02 Asset Ownership, Not a Debt Claim
Unlike ETPs, fund unitholders hold beneficial ownership of the underlying crypto assets, not exposure through a listed debt instrument.
03 Institutional Safeguards Throughout
Independent FINMA-regulated custody, multi-signature cold storage, SIX-administered CMI10 benchmark, and mandatory NAV disclosure.
04 Built for Governance Standards
Designed for qualified investors requiring a regulated, auditable, and defensible framework for digital asset exposure.
Investment Team
Friedrich Herzog
Chief Investment Officer
Felipe Giesbrecht
Friedrich has over a decade of experience in quantitative trading and research across capital markets and digital assets. Prior to Matrixport, he held roles at Goldman Sachs, OMERS Capital, and UBS. He holds a Master’s in Finance from Princeton University and a Bachelor’s in Banking and Finance from the University of Zurich.
Portfolio Manager
Felipe is a crypto and blockchain analyst with experience in digital asset investment products. Before joining Matrixport, he worked at Crypto Finance AG, where he supported the launch of Switzerland’s first FINMA regulated crypto fund. He holds a degree in Economics from the University of Zurich.
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