Introduction
The MunAiMarkets Bitcoin/Ethereum Crypto Portfolio tracks the performance of the Grayscale Bitcoin Mini Trust (BTC) and the Grayscale Ethereum Mini Trust (ETH) and they went UP 4.0%, on average, in January. In February, however, they went into a funk going DOWN 17.1% and 33.1%, respectively, on concerns over trade tariffs, inflation, and potential changes in monetary policy and the recent wave of major crypto hacks has worsened the market sentiment. The Bybit hack resulted in a $1.4 billion loss in Ethereum, triggering panic selling and, adding to the concerns, the neobank Infini was hit by a $49.5 million hack involving USDC, further unsettling the market.
Below are details on both cryptocurrencies. Go HERE for a live chart (updated minute-by-minute) of both constituents in the portfolio.
The 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 $3.35B in assets under management,
- trades on NYSE Arca,
- is available through your brokerage account.
The 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 $1.05B in assets under management,
- trades on NYSE Arca and
- is available through your brokerage account.
Summary
The MunAiMarketsBitcoin/Ethereum Crypto Portfolio was DOWN 23.6%, on average, in February.
