Here at Gestalt we are excited to announce our new fund. We will be sharing on this blog regular updates on how our investments are performing relative to some of the top indices, both for cryptocurrencies and for stocks. Furthermore, we hope to post occasional deep analysis into why we think certain cryptocurrencies are promising investments. We believe in transparency and are proud to share some of our positions with you.
Last week, our fund netted an 11.90% return. This was largely driven by the listing of IOTX on Binance, the largest cryptocurrency exchange by market capitalization. As you can see in the chart below, we have a significant position in Bitcoin, which we refer to as our “dry powder” that we will be investing in other small market cap coins as our fund grows.
|Gestalt Crypto||Weights||Close Price – 5/30||Close Price – 6/6||Change (%)|
|BTC (dry powder)||63%||7,406.52||7,653.98||3.34%|
When compared to our benchmarks, we outperformed Bitcoin by a factor of more than 3.5, the Coinbase index fund by a factor of approximately 2, and had 7 times higher returns than the Russell 2000.
If you are interested in following us as we update our position entries and exits live, please follow our twitter account @gestaltcrypto. If you’re interested in investing with us please contact email@example.com, firstname.lastname@example.org, or email@example.com.