From Anomalies to Crypto-Strategies: Factor Investing for Crypto-Assets

As a new and still highly irrational asset class, the crypto market is vulnerable to a lot of speculative theories related to the elements that influence price movements. In more mature markets such as equities, the tendency has been gravitating towards finding quantifiable characteristics that influence specific trends. Financial markets refer to those characteristics as factors and they are the foundation of entire trends such as quantitative trading. As one of the data-richest asset classes in history, factor investing is going to play an important role in the development of crypto-assets.