Spiko Digital Assets Cash & Carry Fund - Euro Share Class (EURSPKCC)

A cash-and-carry strategy typically exploits the spread between the spot price of an asset and its futures price. In crypto markets, this can involve holding an exposure to the underlying asset while selling futures contracts, aiming to capture the futures premium while reducing directional market risk. By using CME futures, the fund focuses on a regulated derivatives venue widely used by institutional participants. When the cash-and-carry opportunity is less attractive, the strategy can shift toward short-duration U.S. Treasury bills, which are commonly used as low-risk money-market instruments.

EURSPKCC is structured around a transparent, rules-based index, so investor returns are intended to reflect the performance of a defined strategy rather than discretionary trading calls. Its euro share class makes the product relevant for investors who prefer euro-denominated access to a cash-and-carry approach.

As a tokenised fund, EURSPKCC sits at the intersection of traditional asset management and blockchain-based distribution. It is not a standalone cryptocurrency used for payments or network fees; it is a digital representation of exposure to an institutional-style investment strategy designed to pursue returns above the prevailing risk-free rate without taking outright crypto-price or interest-rate direction.