Performance in May 2019: +29.10%
Performance in the last three months: +75.70%
Performance in the last six months: +92.34%
Assets Under Management: $568,142
Solidum Prime portfolio was reduced from 25 to 24 assets
Solidum Prime performance overview
Below is a chart comparing the Solidum Prime and the market benchmark performances for May 2019.
Continuing its bull run since April, Bitcoin is pushing the crypto market to new highs. In May alone, Bitcoin gained 60.25% and also broke past the $9,000 mark, soaring to its highest price point in over a year. Therefore, it should be no surprise that the market cap weight index shown above outperformed Solidum Prime in May. Nonetheless, Solidum Prime performed exceptionally well in May, having gained over 29% in a single month.
Our Investment Committee has decided to remove Steem (STEEM) from Solidum Prime portfolio, due to its poor performance, as well as due to the fact that Steem has been posting little to no updates, current information, or future prospects. Solidum Prime now maintains 24 assets in the portfolio.
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 May 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.