Written by
Andy Martinez, CFA
Founder
Topics
Allocators
Liquid Funds
Research
Industry Research
October 29, 2025

Announcing The 4Q25 Fund Outlook Magazine

We are excited to announce the release of our Insights Quarterly: 4Q25 Fund Outlook Magazine, featuring long form contributions from leading voices on the buyside.

In this report, you’ll find:

  • Fund manager viewpoints on digital assets’ most pressing topics
  • Fund infrastructure insights on tokenized structures, curated vaults, and the bridge for on-chain capital
  • Benchmarking data across liquid digital asset funds and SMAs
  • Findings from the latest Fund Manager Survey, capturing allocator sentiment and market views

We’re proud to have this report powered by Gauntlet and Caladan, whose support helps us continue advancing transparency and institutional standards across the digital asset fund ecosystem.

👉 Download the full report here

Special Thanks

We’d like to extend our gratitude to the contributors, partners, and industry experts who provided insights and support for this report:

  • Kevin K. Kurian - Managing General Partner - Paper Digital
  • Frank Cavallo - Managing Partner- Motus Capital Management
  • Sam Gaer - CIO, Directional Strategy - Monarq Asset Management
  • Charles Edwards - Founder - Capriole Investments
  • Stanley Wong - Head of Investor Relations and Sales - Liquibit Capital
  • Tom Threlfall, CFA - Portfolio Manager, DeFi Yield Strategy - DACM 
  • Noah Bortnick - Managing Partner - Carpathian Capital Management
  • Stephen Vlasak - Partner - Richey May
  • Derek Lim - Research Lead - Caladan
  • Rahul Goyal - Head of Institutional Partnerships - Gauntlet
  • Bryant Kim - Co-founder & COO - Receipts Depositary Corporation
  • Danny Condon - Chief Revenue Officer - Blockware Solutions
  • Vin Molino - COO and Head of Operational Due Diligence - Crypto Insights Group