Today we’re introducing the Yuma Total Market Fund. One allocation to access $TAO and the full Bittensor subnet ecosystem.
AI exposure is expanding beyond public equities and venture.
The Yuma Composite Index (YCX) has seen a notable divergence from the Sum of Subnets so far this month.
The post below from Yuma COO @GSchvey explains what drives the differential and why the YCX design as an institutional reference rate for Bittensor subnets is becoming
Bittensor's Sum of Subnets is down 5.4% month to date, to its lowest level since February.
However, the @YumaGroup Composite Index (YCX) is down only 1.7%, roughly where we were last month.
The divergence is driven by increasingly concentrated allocations to the top subnets
Yuma Staking has updated our Bittensor validator’s stake weights from the chain defaults to an equal distribution across the top 16 subnets ranked by subnet token price, with a minimum liquidity requirement to qualify.
$TAO holders staked to Yuma’s validator began receiving
The Yuma Large Cap Fund was Yuma Asset Management's highest performing Bittensor fund in August, posting a 25.1% gain on a USD basis, compared with 17.9% for $TAO/USD.
The fund's composition is analogous to how the Mag 7 represent a concentrated allocation to dominant technology
August marked the best monthly performance since inception for Yuma's Total Market Fund, with an 18.3% MoM gain on a USD basis, compared with 17.9% for TAO/USD.
The performance reflects a blend of returns from across the full Bittensor ecosystem, comprised of $TAO and subnets,