DGJA provides partial downside protection against S&P 500 losses while capturing upside to a cap, plus additional returns linked to digital asset performance. This hybrid structure targets investors wanting equity exposure with a safety net and crypto kicker.
How It Works
The fund uses a FLEX options package to create a one-year outcome period starting each January. It buffers the first 10-15% of S&P 500 losses while capping gains around 15-20%, then adds a digital asset return component through derivatives. The buffer resets annually, and the fund must be held through the full period to realize the defined outcomes.
Key Features
- Dual return sources: buffered S&P 500 exposure plus digital asset performance overlay
- Annual reset in January provides fresh downside protection each year
- No direct crypto holdings — uses derivatives for digital asset exposure
Risks
- Losses beyond the buffer (typically 10-15%) are fully absorbed — a 30% market drop means ~15-20% fund loss
- Upside cap limits gains in strong markets — missing returns above ~15-20% annually
- Digital asset component could be worthless if crypto markets crash, reducing total returns
Who Should Own This
Best for investors with 12+ month time horizons who want S&P 500 exposure but fear near-term drawdowns. The crypto overlay appeals to those wanting digital asset participation without direct holdings. Requires understanding that mid-period purchases won't get full buffer protection.