BTC-Decorrelated 7
Calibrated launch value from the rulebook. The live reading, the chart and the order panel sit on the desk.
Buy OCRLOW7Why this basket exists
What the construction is trying to capture, who it is built for, and how it is meant to be sized inside a wider allocation.
Engineered for materially lower BTC correlation than crypto-native baskets while keeping Sharpe respectable. Heavy on US tech equity (NVIDIA, Microsoft, Apple) and gold for the de-correlation engine, with a 20% crypto sleeve (BTC + ETH) and a 10% broad-market ETF for upside participation. Backtested Sharpe 1.49 over 729 days, correlation to BTC 0.69 versus roughly 0.9 for crypto-native baskets. The portfolio complement for an allocator who already holds BTC directly.
- Diversified family · Conservative risk tier
- Rule-based, divisor-method NAV
No committee note is published for this basket yet, so the catalogue description above stands in until one is written.
7 holdings, drawn to scale
Each tile's area is its weight in the basket, so the picture and the table below it are the same data read two ways.
| Holding | Share | Weight | |
|---|---|---|---|
| 01GLDon | 22% | ||
| 02NVDAon | 18% | ||
| 03AAPLon | 15% | ||
| 04MSFTon | 15% | ||
| 05BTC | 10% | ||
| 06ETH | 10% | ||
| 07SPYon | 10% | ||
| Total | 100% |
Why each name earned its seat
Research notes per constituent: the case for the asset, the regime that suits it, and the risk the seat carries.
- GLDon22%Hedge
SPDR Gold Shares is the largest gold ETF and the cleanest tokenized expression of an institutional gold position.
Performs in flight-to-quality, inflation-up, and dollar-weakness or central-bank-buying cycles.
correlation dilution if duration sells off - NVDAon18%Core anchor
NVIDIA is the single largest contributor to risk-adjusted returns in the equity universe over the 2-year backtest window. Designs the GPUs that train every frontier model.
Performs in AI-capex-up regimes. Sensitive to hyperscaler demand-softening signals and to China-export-control news.
valuation extensionChina export-control exposure - AAPLon15%Core anchor
Apple is the largest consumer-electronics franchise and the most cash-generative public company.
Defensive within tech. Outperforms in quality-rotation regimes. Lags when AI-narrative beta drives the tape and Apple's AI positioning is questioned.
regulatory pressure on App Store - MSFTon15%Core anchor
Microsoft is the dominant enterprise-software franchise and the largest beneficiary of the AI-software margin pool through Azure and the OpenAI partnership.
Performs in enterprise-AI narrative phases. Defensive in flight-to-quality regimes. Sensitive to cloud-margin compression news.
AI-capex margin compression - BTC10%Core anchor
Bitcoin is the only crypto asset that clears the institutional bar on every dimension: deepest order books, longest track record, lowest custody friction.
Strongest in flight-to-quality and pro-risk macro phases when liquidity is abundant. Underperforms in altcoin rotations and AI-narrative cycles.
concentration risk
Show the remaining 2 holdings
- ETH10%Core anchor
Ethereum is the only smart-contract platform with the TVL, developer mindshare, and settlement depth to count as core infrastructure.
Outperforms BTC in DeFi cycles and L2 adoption waves. Lags when narratives shift to alt-L1s or when L2 fragmentation eats into mainnet fee capture.
fee-revenue regime risk - SPYon10%Core anchor
SPDR S&P 500 ETF Trust is the largest US equity ETF and the canonical broad-market index.
Performs in broad-equity-up regimes. Sensitive to sector concentration in Mag 7 names that drives a non-trivial share of the index.
Mag 7 concentration
What the numbers say
Simulated on historical constituent prices. A Sharpe is only published once the measured window clears 90 days, and drawdowns keep their sign.
Every figure above is simulated on historical constituent prices for a basket that has not traded. It describes how the rules would have behaved, not how they will behave. OCRLOW7 is part of a public preview.
Max expected loss over the horizon · 95% confidence · historical distribution. There is a 5% chance the actual loss is larger.
| Window | Return | Sharpe | vs BTC |
|---|---|---|---|
| Full window | +61.8% | 1.49 | +1.05 |
| 1 year | +12.5% | 0.74 | +1.53 |
| 6 months | +17.0% | 2.13 | +0.60 |
| 3 months | +8.0% | 1.95 | +0.76 |
| 1 month | +16.3% | Not graded | · |
Returns are simulated over each window. A Sharpe is published only once that window clears 90 days, so the shorter rows read Not graded and carry no comparison with bitcoin. Short windows flatter and punish at random; read the full window first and treat the rest as texture.
What could go wrong
Priced off this basket's own weights rather than off a generic disclaimer, so every figure below can be checked against the table above.
Drawdowns are bounded relative to the broader crypto market. Constituent caps and liquidity filters contain concentration risk. Full risk parameters live in the methodology rulebook.
- Top-name weightLow
GLDon is the largest position at 22%. Capped by methodology but still drives index direction.
- Short price historyHigh
NVDAon, MSFTon, AAPLon and 2 more have under a year of usable history. Backtest metrics carry wider error bars.
- Routing dependenceMedium
Routes through Dinari (stocks) and Backed Finance (ETFs). Settles on the EVM rail. KYC at the OLTA layer, not available in the US today.
| Scenario | Loss on net asset value |
|---|---|
| GLDon loses half its valueLargest holding, 22.0% of the basket | −11.0%Mechanical |
| The three largest holdings fall 30%GLDon, NVDAon, AAPLon · 55.0% of the basket together | −16.5%Mechanical |
| The deepest simulated fall repeatsDeepest peak to trough in the measured window | −23.0%Recorded |
| A bad month, one in twenty95% historical value at risk over 30 days | −10.3%Measured |
The mechanical rows hold every other holding still, which is the optimistic case. This basket measured 0.69 correlation to bitcoin over its window: the holdings often move together, though less tightly than a broad crypto basket. Read the figures as a floor on the damage, never a ceiling.
The research behind the construction
Take a position in OCRLOW7
Size a position against the live net asset value, with the full record on the same screen. Funds in this public preview are simulated, so an order here moves a simulated balance and settles nothing. The EVM settlement rail opens with mainnet in the first half of 2027.