Consistent Yield.
Quarterly Liquidity.
A hedge fund for accredited investors and family offices seeking risk-managed returns from crypto derivatives and other commodity, structured and corporate products.
Seven years. One objective: outperform in Bitcoin.
Independently audited, quarter after quarter.
Q1 2026 Report — CMFDH II
Crypto Money Fund Dollar Hedge II. Q1 2026 tested our hedging framework against high volatility. While USD value declined, our primary objective of Bitcoin accumulation was successful.
Growth of $1,000,000 across US Treasuries, S&P 500, Bitcoin, and CMFDH Funds I & II.
Yield Infrastructure & AI Integration: Every day we work on ways to use AI to improve the yields (in dollars and Bitcoin) of CMFDH II while expanding to other opportunities in crypto derivatives.
2026 Outlook: Our roadmap emphasizes AI — we aim to continue close to our historic annualized rate of 52%, while exploring prediction markets and other crypto derivatives in case prior opportunities are no longer available.
Outperforming in Bitcoin
A proven track record of accumulating BTC units over the long term, avoiding the downsides of traditional markets.
CMFDH performance denominated in Bitcoin, quarterly. Benchmark = 1.0 BTC.
+118.2% BTC Accumulation
From Q2 2019 to Q1 2026, an initial investment equivalent to 1.00 BTC grew to 2.18 BTC — more than doubling baseline holdings and generating genuine outperformance against basic HODL strategies.
The Problem with the S&P 500
The S&P is dollar-denominated and BTC is deflationary relative to the USD. Over the same timeframe, a passive S&P 500 allocation lost −73.2% of its purchasing power in BTC terms (1.00 BTC → 0.27 BTC).
Built on a principle of liquidity.
No Lock-Ups. Period.
Exit any quarter with two weeks' notice. No gates, no penalties.
Tokenized for Transparency
Your investment is represented as a digital token (Q1 2026).
Quarterly Liquidity
Unlike traditional funds with multi-year lockups.
Nick Levenstein is a frequent speaker at global conferences.
A clear, three-step process.
Schedule a Briefing
Book a confidential 30-minute consultation with Nick.
Review & Onboard
Get the PPM, subscription documents, and KYC/AML guidance.
Fund & Receive Shares
Your capital begins working once funded.
Select your region to find the most suitable time slot:
What Our Clients Say
What We Do
Nicholas Levenstein & Co. has been managing funds for over five years. Its founder, Nicholas Levenstein, has been trading crypto derivatives for over 7 years.
- Long-term performance (normalized): 52% annualized IRR (CAGR).
- Strategy is designed to mitigate risk while generating uncorrelated yield through crypto derivatives.
Regulatory & Legal: The Fund Manager is an entity organized under the laws of Georgia and operates according to Georgian Securities Law. The Fund is not regulated by the National Bank of Georgia (NBG). Agreements fall under Georgian jurisdiction.
Request your investor briefing.
For accredited investors and family offices seeking uncorrelated, risk-managed yield.
Book a 30-Minute Call