Alternative Investing Report - April 15, 2026

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Happy Tax Day! Crypto markets rallied, sustainable investing is back, the Bezos-backed EV company raised a big round, and a little known token surged 6,000%. Let’s dive in!

🎫 Attend: At 11 AM ET, our investor briefing on the public funds opening access to Pre-IPO investing and everything investors need to know about them.

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📈 DAILY MARKETS

*as of 4/14; Sources: S&P, BTC, FTSE, DJRE, GOLD

🪙 CRYPTO RALLY


Though it ended yesterday slightly down, Bitcoin touched $75,000 for the first time in a month, and has risen 9% in the last week. Meanwhile, Ethereum is up more than 11% over the past week, Solana is up 7%, and XRP has gained 5%. There is some concern that the rally is a mirage, as some indications point to short covering as the catalyst rather than buying demand. Also, digital asset treasury company Strategy has been responsible for a disproportionate share of net inflows, and the concern is that one buyer is propping the market up.

➨ TAKEAWAY: This latest crypto rally is part of a broader market recovery that began with the Iran war ceasefire, and has seen the S&P 500 gain 10% over the past two weeks, as investors jumped in at the first sign of good news. The question is whether Bitcoin has hit its cyclical bottom and is on the way back up, or whether it will drop again at the first sign of bad news from Iran. The markets are in a volatile period right now, and dollar cost averaging and limited, scheduled buys are always safer than trying to time entries and exits.

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📺 UPCOMING EVENT

Join Vincent co-founder Slava Rubin and Sacra co-founder Jan-Erik Asplund for an in-depth look at new public funds that offer investors access to private shares in companies on the path to an IPO like SpaceX, OpenAI, and Anthropic. They break down how these vehicles are structured and, more importantly, what investors are actually getting exposure to under the hood.

Today at 11 AM ET.

📰 NOTABLE NEWS


Sustainable investing report: Private climate investing fund AUM hit $1.5 trillion in 2025, a new high despite strong political headwinds in the U.S. This expansion was buoyed largely by a record-high fundraising year for energy transition infrastructure and Impact fundraising that more than doubled year-over-year.

🚀 Slate Auto fundraise: The Jeff Bezos-backed electric vehicle startup raised $650 million at an undisclosed valuation that is likely substantially higher than its $1.2 billion valuation from last January. The company is planning to starting building affordable electric trucks by the end of the year.

🏢 Distressed office market: Deal volume in the distressed office market has nearly doubled over the past two years and has gotten off to a fast start in 2026, as buyers are taking advantage of steep discounts to pursue residential conversion strategies.

📊 PPI inflation index: The Producer Price Index measure of wholesale inflation rose by 0.5% in March, below expectations and below the consumer price index released last week. However, it is up 4% annually, the highest level in more than three years.

🏡 Best cities for recent grads: A look at the best places for college grads to live based on job opportunities, affordability, and work-life balance named Washington D.C., New Orleans, and Springfield, IL, as the top cities in their respective size groups.

💵 Private credit index: S&P Dow Jones Indices is launching a new credit default swap index that will allow investors to short the private credit sector, another development that highlights the perceived struggles the asset class is facing.

🪙 CRYPTO MARKET MOVER

Coin: RaveDAO (RAVE)
Price: $16.06
Price change last 7 days: +6022.4%


A little known token that debuted last December, and was trading for around $0.26 last week, Rave has shot up more than 60x since then and sits above $16 per token. Rave is the native token of a decentralized autonomous organization (DAO) that purports to be a Web3 music protocol attempting to connect rave culture to the blockchain. The apparent catalyst for its wild increase in price is a short squeeze likely orchestrated by the project’s team, who hold roughly 90% of the token’s supply in three wallets, with 98% of the supply in just ten wallets. This type of ownership concentration mixed with the wild price movement raises a lot of red flags, and highlights that the speculation and market manipulation that the crypto industry is trying to leave behind is still present. Episodes like this are not helpful if the asset class wants to continue to gain the trust of the mainstream, and investors should stay away, as the price of Rave is bound to eventually fall back to where it was before this week of rapid growth.

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