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Apr 6

Trades for the New World Order

2. Carbon (KRBN, KLIMA)Opportunity waits for no one. The KraneShares Global Carbon Strategy ETF (KRBN), which tracks the price of a global basket of carbon credit futures contracts, fell 31% in a week as Russia began their invasion of Ukraine from $51.77 to $35.60 before rapidly recovering and retracing a majority of the drawdown. As of publishing the price is $45.83. I had never heard of this product before it came across my radar for crashing so far in so little time. Basically, there are r...

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Private investor. Formerly PM @blackrock. No Conflict No Interest covers quarterly metrics for BTC and ETH and other investing musings.

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Post cover image
Blog iconNo Conflict No Interest
Mar 30
Trades for the New World Order
I’ve been mostly quiet since Russia invaded Ukraine on February 24, but very busy attempting to parse out the investment implications and rebalance my portfolio accordingly. While I do think some of what has transpired has been profound (in particular the weaponization of the US dollar based financial system), I also think that the primary long-term macro investment theses of mine have been reinforced rather than materially altered (bitcoin). Others were perhaps ever-present and have merely h...