July 2026
Alpha Node Capital recorded strong results across its flagship funds in July. The Digital Fund rose by 8.01%, reflecting a broad recovery in digital asset markets, while the Alpha Prime Trust maintained its resilience with a positive return of 0.12%. The month opened with Bitcoin near US$60,000, but early trading was pressured by a hawkish Federal Reserve and continued outflows from digital asset investment products, pushing BTC to a 21-month low near US$57,800. Sentiment turned through the middle of the period as institutional adoption catalysts emerged, led by the July 1 debut of Ethereum Institutional, and Ethereum broke a multi-month downtrend. With markets pricing roughly a 70% chance the Fed holds rates at its 28-29 July meeting, major asset prices recovered into month-end and closed the period firmly higher.
Digital Fund
Digital Fund returned +8.01% over the month. Bitcoin gained 7.53% to close at US$62,721.33, recovering from the early-month low as forced-selling fuel was judged exhausted, and held the gain through rising rate-hike expectations, higher bond yields and an AI-sector sell-off. Ethereum was the standout performer, rising 18.97% to close at US$1,860.78, as the launch of Ethereum Institutional and easing inflation concerns drove a break above its prior multi-month downtrend, with buying volume rising sharply.
Outside the benchmark holdings, Monero was the strongest contributor, returning 16.16% to close at US$353.09, supported by protocol momentum after the Monero Research Lab outlined plans to ship the final alpha of its Brainrot Ledger scaling work. Stellar token was the principal detractor, falling 5.36% to close at US$0.1726, despite two network upgrades in the period, the Zipper authentication delegation activation and Protocol v25, and a golden-cross signal building toward a US$0.20 breakout that still requires volume confirmation.
Alpha Prime Trust
Alpha Prime Trust returned +0.12% over the month. Market structure, rather than directional price moves, shaped trading conditions through the period. Bitcoin perpetual funding rates remained negative through early July, reflecting cautious positioning and reduced speculative demand that compressed carry available to market-neutral and relative-value strategies. Short-dated implied volatility was subdued early in the month, with options markets favouring downside hedging via put-call skew late in the month without a broad volatility spike materialising. Ethereum derivatives conditions were similarly cautious early on before improving as ETH broke its downtrend.
