Bullish Professional Trading Competition: Win a US$10m investment

Overview

Register below for the Bullish Professional Trading Competition. The grand prize winners will each receive investment from Bullish into their strategy as a Separately Managed Account (SMA) for 1 year. 1st place will receive US$10m, 2nd place US$3m, and 3rd place US$1m. In addition, participants will get exposure to, and will be eligible for investment by a global panel of multi-manager digital asset fund platforms. A host of other prizes will also be up for grabs.

Competition Details

Bullish is hosting a trading competition launching in Q3 2025 where professional investors are invited to run their crypto trading strategies on Bullish for a chance to win a US$10m AUM investment, as well as exposure to leading global multi-manager platforms.

Entry Procedure

• Participants must create an account and pass KYC at Bullish, as well as deposit US$50,000 (self-funded), by the competition start date, in order to be eligible for the competition
• Register your details below, in order to receive next steps, and additional information

Judging Criteria

• Strategies will be judged based on a host of factors, including both absolute return  and risk metrics
• Top finalists may be asked to present their strategy to the panel of multi-manager platform judges
• The winners will be determined by the panel taking into account qualitative and quantitative factors (including returns, drawdowns, strategy sustainability, scalability, expected returns vs actual returns)

Judges

• Tom Geary, CFA, Co-Founder and Managing Partner, Annamite Capital
• Andrew Goodwin, Co-Founder and Managing Partner, Nine Blocks Capital
• Michael Hall, Co-Founder and CIO, Nickel Digital
• Michael Friedlander, Chief Portfolio Risk Officer, AlgoQuant

Prizes

• Cash investment prizes: Prizes of US$14m BTC equivalent of capital to be invested into the overall winning participants to run their trading strategies, via Separately Managed Account (SMA) on Bullish for 1 year (1st: US$10m USD, 2nd: US$3m, 3rd: US$1m). Winning participants will earn 1% management fee and 20% performance fee on the invested capital, subject to a high water mark.  
• Trading strategy and regional winners: Beyond the 3 overall cash investment prize winners, there will also be top of category winners:
  • Winners By Strategy:
    • Volatility Arbitrage, Volatility Directional, Basis Trading / Funding Arb, Stat Arb / Multi Factor, CTA / Momentum, HFT
  • Winners By Region:
    • Asia, Europe, North America, Rest of World
• Exposure to Panel Judges: Finalists will all have exposure to, and may be eligible for investment by the multi-manager platforms of the panel judges. 
• Additional prizes to include: CoinDesk Data & CoinDesk Indices preferred access, Consensus Conference benefits, and more! 

Important note: The competition is only available to professional investors in eligible jurisdictions. Bullish will publish the applicable competition rules close to the start date. All competition details are subject to change. Bullish reserves the right to change the prizes based on extreme market conditions. Bullish reserves the right to end the Separately Managed Account (SMA) Investment into the winners, based on poor performance or breaching risk metrics. Visit bullish.com > legal for important information and risk warnings.

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