Australian Cryptocurrency Fund Apollo Capital Reports 119% YTD Returns Without DOGE And DeFi

A $75 million Australian cryptocurrency managing hedge fund recently made headlines thanks to its post about the massive spike in returns experienced on a year-to-date (YTD) basis, with the increase being recorded at just about 120%.

What is even more interesting, however, is the fact that this fund, which goes by the name of Apollo Capital, managed to achieve this milestone without ever coming into contact with Dogecoin (DOGE) or any other decentralized finance (DeFi) coins.

Outperforming Bitcoin

With its headquarters situated in Melbourne, Australia, Apollo Capital’s massive YTD returns are unprecedented, to say the least. These returns were recorded since only the beginning of 2021, which implies that further growth may still be possible in the near future. Amazingly, Apollo Capital had even managed to outperform Bitcoin (BTC), as the flagship cryptocurrency had only recorded a 19.96% growth in its respective YTD returns. This is all truly awe-inspiring when we consider the additional fact that the fund has only been functional for little more than just one year, with it possessing $75 million in USD currently in assets under management.

Moreover, it had also been revealed that Apollo Capital is primarily interested in those crypto platforms which are based on Ethereum (ETH), and so it tends to avoid any newer and experimental projects in the crypto sphere. Apollo Capital additionally possesses codes of the various blockchains that it decides to invest in, and these codes are rigorously audited via top-of-the-line 3rd party experts. The experts then confirm the status of high expertise as well as non-anonymity.

No DeFi or DOGE

As previously mentioned, Apollo Capital would prefer not to have to deal with decentralized finance or any altcoins such as DOGE. Perhaps the reasoning behind this is the fact that the crypto markets tend to experience heightened volatility and can be extremely unpredictable. Many investors, companies, and businesses became effectively bankrupt simply because they might have chosen to back the wrong cryptocurrency at the wrong time. Furthermore, meme-tokens such as DOGE or Shiba Inu (SHIB) are normally avoided altogether as these coins are usually built on nothing but hype and lack any kind of meaningful infrastructure, technology, and viable use cases.

Apollo Capital may thus be wise in its decision not to get involved until it is fully comfortable to do so, as other DeFi platforms such WhaleFarm and the Titanium token had both recently collapsed to $0 with little to no chances of recovery.

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