After another week, we’re seeing things in Altcoins start to show signs of life again. We had positive returns this week, driven in large part by IOTX, HYDRO, and PAL. You can see how each of our holdings performed below:
|Holding||% of Portfolio||Weekly Return|
|BTC (dry powder)||55.00%||1.08%|
We’ve been thinking about the best ways to benchmark our fund lately. Although it’s a lot of fun to point out when we’re beating the Dow, it’s not exactly a fair comparison. Likewise, many of the crypto indices hold only the top 5 to 30 coins by market capitalization and don’t accurately represent our asset class. With that in mind, we’re adding a new benchmark this week- the T&C 20 (methodology can be found here) and dating the returns back to the inception of our fund. This index was created specifically to measure the state of the altcoin sector. We’ll continue to come up with new ways to best measure our fund so that we can hold ourselves accountable.
|Benchmark||Wk Return||To Date Ret|