Solidum Prime Monthly Report for February 2019

Key Highlights

  • Performance in February 2019: +17.46%

  • Performance in the last three months: +9.47%

  • Performance in the last six months: -51.64%

  • Performance since inception: -67.98%

  • Assets Under Management: $313,043

  • Solidum Prime maintains 23 assets in the portfolio

Market Overview

The cryptocurrency market continues its positive growth in 2019, showing strong signs of a sentimental shift from a bearish to a more bullish market. February was particularly strong, with a marginal gain of nearly 14.00%to the total market capitalization in a single month.

Bitcoin followed the market steadily but failed to quite catch up. It still finished the month with a gain of 11.62%.

Ether had an amazing month, having outperformed Bitcoin and the overall market. With a monthly gain of 27.73%, Ether easily recovered its losses from January.

Below is a recap of the top three monthly gainers and losers amongst the top 25 market movers:

Market movers — February top three gainers and losers

Portfolio Changes

We did not make any changes to the portfolio in January — Solidum Prime maintains a portfolio of 23 equally-weighted digital assets.

Portfolio Rebalancing

Solidum Prime also maintains the same rebalancing structure, with the portfolio being rebalanced once per week — every Wednesday, or more frequently if deemed suitable by our Investment Committee.

Solidum Prime Performance Review

Below is a chart comparing the Solidum Prime and the market benchmark performances for February 2019.

Solidum Prime performance Vs. market benchmark performance | February 2019

Solidum Prime continues to show the advantages of utilizing the equal-weight investment strategy with our rebalancing structure (learn more).

Solidum Prime once again outperformed the market, marking February as the third consecutive month to do so. While the market had a monthly gain of 13.65%, Solidum Prime ended February with a gain of 17.46%.

Past 18 months were treacherous for the average crypto investors and many decided to bail out from their initial investments. However, as is the case with every emerging market — and professional investors are aware of it — this is only a test of time. While it may be hard to see it at first glance, the cryptocurrency market continued its development and progress in 2018. More institutions are getting involved, more regulations are being established, market manipulation and Ponzi schemes are in decline (or are being prosecuted), and the short-term “get-rich-quick” investors are shaking out. All factors mentioned above are essential for the cryptocurrency market to establish itself as a global market, making space for future improvements.

 

 

Make sure to also read our Monthly Crypto Commentary for February 2019 with an exclusive overview of the major news and market movements, and supportive insights for the crypto investors.

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DISCLAIMER: This article is for informational and discussion purposes only and does not constitute a marketing message, an investment survey, an investment recommendation, or investment advice. The article was prepared exclusively for a better understanding of market dynamics.

Individual portfolio management

Individual portfolio management

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Solidum Prime Crypto Fund

Solidum Prime Crypto Fund

Solidum Prime is the world’s first equal weight Crypto Fund on the ICONOMI platform. It offers an easy, fast, and secure solution for investing into multiple cryptocurrencies.