ICYMI: Top client questions from Ask Titan Anything this week

Saturday, Nov 19th 2022


Q: I just saw you exited Solana, does that have to do with all this FTX stuff?

It’s a good question, and the answer is in short, yes. We sent out a trade comm last week discussing this in more detail. But to summarize, Solana was inadvertently tied up with FTX. For starters, it was Alameda Research’s second-largest holding. To the extent that it hasn’t already, this position will likely need to be fully liquidated over the coming days and weeks – putting intense downward pressure on the crypto asset. Other investors who staked Solana are following suit further exacerbating market dynamics. two exchanges, including Binance, halted trading of USDC and USDT on Solana this morning, after already falling to new lows and dropping over 40% in the last week. While it may make it out ok down the line, in the near-term, we believe it’s possible Solana will collapse.

Q: I don’t know that much about Discord. Why that company in the ARK fund?

We’d recommend checking out ARK’s full thesis in the app, but as a recap: Discord is a communications platform that enables its 231 million highly engaged monthly active users (MAUs) to communicate via text, audio, and video. For comparison, a much more widely known company like Snapchat has 363 MAUs. So while the services use cases beyond socialization for video gamers, the 3.2 billion user gaming market provides significant room for upside as Discord scales into other arenas. The challenge here will be their incremental user growth and the potential of competing with beg tech players for this untapped user network. ARK is confident they’re well positioned to be a winner here.

This content is as of November 17th, 2022.

Ask Titan Anything is intended to be informational in nature and does not take into account the specific objectives, financial situation, or particular needs of any specific person. Nothing in this content should be construed as investment advice, or a recommendation to buy or sell securities.

Titan Global Capital Management USA LLC ("Titan") is an SEC registered investment adviser and subsidiary of Titan Global Capital Management, Inc. ARK Venture Fund (“Fund”) is a Registered Investment Company product offered by [INSERT] and made available on Titan’s platform as one of many potential investment options available to Titan clients, that may or may not be recommended based on an individual client’s investment objectives and risk tolerance. [Please review the following summary of risk factors, as well as the prospectus in its entirety, for a full list of risks associated with investing in the Fund before making any investment decision.] The fund’s prospectus contains the fund’s investment objectives, risks, charges, expenses, and other information, which should be considered carefully before investing. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. The prospectus and summary of risk factors have been prepared exclusively by the Fund provider, and not by Titan, and thus Titan cannot guarantee the accuracy or completeness of the material.

All investments involve risk and the past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not ensure a profit or protect against loss. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. The price of a given security may increase or decrease based on market conditions and clients may lose money, including their original investment and principal. The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person. This is not an offer, solicitation of an offer, or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Titan is not registered. Please visit ark-ventures.com for important additional disclosures.

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