Evidence first.
Question assumptions. Test ideas against data, not conviction alone.
THETA PRIME CAPITAL / QUANTITATIVE INVESTMENT
Research-driven.
Systematic by design.
A quantitative investment firm applying multi-factor research and disciplined portfolio construction to digital assets.
Explore our approachINDEPENDENT RESEARCH. INTEGRATED EXECUTION.Discover Theta Prime
01 / OUR APPROACH
From market observation to portfolio implementation.01
DATA & RESEARCH COVERAGE
A multidimensional view of markets.
Price is an outcome, not a complete explanation. Our research framework considers trading activity, derivatives positioning, options-implied risk, on-chain capital flows and cross-market sentiment to investigate how relative opportunities form.
Exchange microstructure
Tick-level trades, order-book depth, bid–ask spreads, order-flow imbalance and liquidity replenishment.
Derivatives & positioning
Perpetual funding, futures basis, open interest and liquidation activity as context for leverage and positioning pressure.
Options & volatility surfaces
Implied versus realized volatility, skew, term structure and put–call volume and open-interest relationships as context for hedging demand and asymmetric risk pricing.
On-chain & capital flows
Exchange inflows and outflows, stablecoin supply, transfer concentration and decentralized-market liquidity as research inputs.
Cross-market relationships
Interest rates, dollar conditions, risk-asset correlations and cross-venue price relationships as context for changing market regimes.
Sentiment & risk appetite
Digital-asset fear-and-greed measures and traditional-market volatility indices such as VIX provide distinct views of sentiment and risk conditions, rather than standalone directional forecasts.
Research coverage does not imply every dataset is used in production. Inputs are selected for availability, quality and strategy relevance.
02 / STRATEGY PERFORMANCE
Cross-sectional multi-factor investing.Strategy performance.
A long-term perspective.
Review the multi-factor strategy’s historical performance, with simulated backtests and live results presented separately.
Exposure viewLive since Apr 2026+77.42%
Live strategy performance / 2026-04-01 — 2026-09-04 · 1x gross exposure
64.33%
Daily Win Rate
+77.42%
Cumulative Return
1.7742
Net Asset Value · Base 1.00
−9.42%
Maximum Drawdown
26.18%
Annualized Volatility
157
Daily Observations
Metrics cover the live period only. NAV starts at 1.00 before the first daily return; win rate includes flat days. Volatility is annualized using 365 daily observations per year.
Full track record
Cumulative Net Asset Value · 1x gross
2024-01 → 2026-09 · Daily NAV rebased to 1.00 · Final NAV 15.73x
Dashed line marks the start of the live track record (April 2026); earlier figures are simulated backtest results.
* Figures from April 2026 onward reflect the live track record; earlier figures are simulated backtest results. Shown at 1x gross exposure, net of estimated transaction costs and before management and performance fees. Past performance — actual or simulated — is not indicative of future results. Digital asset trading involves substantial risk of loss.
03 / THE FIRM
Independent research.
An integrated process.
Theta Prime Capital is a quantitative investment firm focused on digital assets.
We connect financial economics, market microstructure and technology in one investment process. Our focus is cross-sectional multi-factor research: understanding relative opportunities across assets, rather than relying on a single market direction.
Meet Theta Prime Capital04 / OUR CONVICTIONS
A consistent way of thinking.Markets evolve.
Discipline endures.
Think in systems.
Connect signals, portfolio construction and execution. Optimize the whole.
Keep learning.
Let new evidence challenge the model. Research is an ongoing practice.
Respect risk.
Evaluate returns in the context of exposure, liquidity and drawdown.
05 / PEOPLE & TECHNOLOGY
Different disciplines.
One research culture.
Financial research
Asset pricing and factor theory provide a framework for asking better investment questions.
Market understanding
Exchange microstructure, funding and liquidity put statistical observations in context.
Engineering discipline
Research pipelines, systematic execution and portfolio monitoring connect ideas with live markets.
CONTACT / THETA PRIME CAPITAL
Research. Dialogue. Partnership.Investor
relations.
For investment inquiries, research discussions
and institutional partnerships.