The DC Ethereum ETF (DCETH) has delivered exceptional returns of +180% in its first year of operation, significantly outperforming market expectations and establishing itself as one of the top-performing crypto investment products in Indonesia.
Performance Drivers
Several factors contributed to the fund's outstanding performance:
- DeFi Growth: Explosion in decentralized finance applications built on Ethereum
- NFT Boom: Surge in non-fungible token activity and marketplace volume
- Institutional Adoption: Major corporations building on Ethereum blockchain
- Network Upgrades: Successful implementation of Ethereum 2.0 improvements
- Smart Contract Innovation: New use cases and protocol development
Year-Over-Year Analysis
Performance breakdown by quarter:
- Q1 2025: +45% (DeFi summer continuation)
- Q2 2025: +35% (Institutional adoption surge)
- Q3 2025: +40% (Network upgrade success)
- Q4 2025: +60% (Year-end rally and momentum)
Risk-Adjusted Returns
Beyond absolute returns, the fund demonstrated strong risk-adjusted performance:
- Sharpe Ratio: 2.10 (excellent risk-adjusted returns)
- Maximum Drawdown: -42% (managed within acceptable parameters)
- Recovery Time: 45 days average (quick bounce-back from corrections)
- Volatility: 85% annualized (high but expected for crypto assets)
Comparative Performance
DCETH outperformed key benchmarks:
- Ethereum spot price: +165%
- DCBTC Bitcoin ETF: +125%
- Traditional equity indices: +12-18%
- Gold: +8%
Investment Strategy
The fund maintains 100% Ethereum allocation with:
- Institutional-grade cold storage custody
- Daily NAV calculation and transparent reporting
- Professional risk management and monitoring
- Potential future staking rewards (pending regulation)
Investor Profile
DCETH has attracted 600+ investors including:
- Tech entrepreneurs and professionals
- DeFi and Web3 enthusiasts
- High-net-worth individuals seeking crypto exposure
- Portfolio diversifiers allocating to alternative assets
Looking Forward
While past performance doesn't guarantee future results, Ethereum's outlook remains positive due to:
- Continued DeFi and NFT ecosystem expansion
- Growing institutional interest and integration
- Ongoing network improvements and scaling solutions
- Increasing real-world application development
Risk Reminder
Investors should note that cryptocurrency investments carry high risk and volatility. The DCETH fund is suitable only for investors with high risk tolerance and long-term investment horizons who can withstand significant price fluctuations.
Current Fund Statistics:
AUM: IDR 100 billion
Number of Investors: 600+
Minimum Investment: IDR 10 million
Management Fee: 1.5%