Solidum Prime Monthly Report for June 2019

Key highlights

  • Performance in June 2019: -7.39%

  • Performance in the last three months: +13.83%

  • Performance in the last six months: +79.78%

  • Assets Under Management: $501,650

  • Solidum Prime maintains 24 assets in the portfolio.

Solidum Prime performance overview

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

Solidum Prime performance Vs. market benchmark performance | June 2019

In June, the crypto market saw its highest level since the start of the new bull trend of 2019. Bitcoin reached its highest price point of $13,744 on 26 June — a price level last seen more than a year ago (on 6 Dec 2017). Moreover, Bitcoin situated itself firmly as the king of the crypto market, considering its dominance also increased from 55.71% at the start of June to over 61% by the end of the month. At the end of June, the crypto market started to show signs of a correction which is neither surprising nor bad after its continuous growth during the past six months. Such a pullback is healthy for the market, as it calms the euphoria of new and inexperienced investors, and reduces bad investment choices for the sake of quick profits.
 

Let’s take a closer look at the above comparison between Solidum Prime and the crypto market (measured by the Bitwise 100 Total Market Crypto Index). As it was the case with May, in June, all eyes were again fixed on Bitcoin. The strategy of the Bitwise index is based on the assets’ market cap, with Bitcoin dominating the index which reasonably outperformed the Solidum Prime equal weight strategy in June. The majority of the Solidum Prime portfolio consists of altcoins, which were outperforming the market in the first quarter of 2019. However, in the second quarter, Bitcoin took the spotlightand altcoins have since been in a consolidation phase. We believe that once Bitcoin starts to lose the public eye, altcoins will again become the primary choice of the new capital invested.

Portfolio changes

We did not make any changes to the portfolio in June — Solidum Prime maintains a portfolio of 24 equally-weighted digital assets.

Portfolio rebalancing

Solidum Prime 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.

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

Important update: As of 1 October 2019, Solidum Prime was changed into Solidum Cautus - our new crypto fund with an advanced investment strategy and a new fee structure. Learn more about Solidum Cautus.

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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.

 
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