Introduction
The global crypto market has vaulted to $3.2T on expectations that Trump’s Administration will strip back regulation of the crypto industry, and that a favorable Congress will pass legislation that gives the industry more room to grow and that such crypto-friendly policies under Trump will be a hedge against potential fiscal policy that could spark inflation. Bitcoin temporarily surpassed $93,000 for the first time yesterday. (Listen to our theme song, Money, Money, Money, before proceeding.)
The MunAiMarkets Bitcoin/Ethereum Crypto Portfolio
The Portfolio that tracks the performance of both in the following ETFs and their performances this week and MTD show that, indeed, cryptocurrencies were also big winners in the recent election. Below is how the Portfolio performed w/e November 15th, in descending order, and MTD: (Follow us on Facebook and never miss an article!)
The Grayscale Bitcoin Mini Trust (BTC): UP 19.4% w/e November 15th; UP 30.8% MTD
BTC is:
- a passively managed exchange-traded fund offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities,
- has a management fee of only 0.15%, which is the lowest in the sector and includes all of the costs associated with administration and safekeeping of the underlying Bitcoin. There are no other fees.
- currently has $3.19B in assets under management,
- trades on NYSE Arca,
- is available through your brokerage account.
The Grayscale Ethereum Mini Trust (ETH): UP 5.0% w/e November 15th; UP 23.3% MTD
ETH is:
- a passively managed exchange-traded fund offering exposure to the daily USD spot price of Ethereum, less expenses and liabilities,
- has a management fee of only 0.15%, which is the lowest in the sector and includes all of the costs associated with administration and safekeeping of the underlying Ethereum. There are no other fees.
- currently has $1.29M in assets under management,
- trades on NYSE Arca and
- is available through your brokerage account.
Summary
On average the MunAiMarkets Bitcoin/Ethereum Crypto Portfolio was UP 15.3% w/e November 15th and is UP 28.7% MTD. (Contact us with your comments on our articles and our site design or send us an email.)
