Introduction
The MunAiMarkets Bitcoin/Ethereum Crypto Portfolio tracks the performance of the Grayscale Bitcoin Mini Trust (BTC) and the Grayscale Ethereum Mini Trust (ETH). They went UP 4.0%, on average, in January. In February, however, they went into a funk going DOWN 23.6%, on average, (-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. The decline continues.
So far in March the Portfolio is DOWN 4.0% MTD, on average, with ETH DOWN 10.3% and BTC DOWN 2.2%.
Please note: For
- the specific ETF.s price performance (currently, yesterday, over the past 5 days, 1 month, 6 months and 1 year) go HERE, type in ETF Symbol, and Click on Time Period
- the specific ETF’s performance statistics and financials go HERE, type in ETF Symbol, and Click on Statistics and Financials
- the reasons behind the price change in a specific ETF go HERE and ask “Why did x ETF change price so much this week?”
- the latest articles and analyses go HERE, type in ETF Symbol, and Scroll down to Recent News
The BTC is:
- Bitcoin is a decentralized digital currency that can be transferred on a peer-to-peer (P2P) network without the need for any central authority. Its transactions are stored in an immutable distributed ledger called the blockchain.
- 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 $3.41B in assets under management,
- trades on NYSE Arca, and
- is available through your brokerage account.
The ETH is:
- Ethereum is a blockchain-based distributed platform designed to be scalable, decentralized, and programmable.
- 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 $912.74M in assets under management,
- trades on NYSE Arca and is available through your brokerage account.:
What Is the Difference Between Bitcoin and Ethereum?
In summary, while both Bitcoin and Ethereum operate on blockchain technology, they have different goals, functionalities, and technical specifications. Bitcoin is primarily a digital currency, whereas Ethereum is a platform for decentralized applications and smart contracts. Specifically:
- Bitcoin aims to replace national currencies and act as a store of value while Ethereum aims to utilize blockchain technology for maintaining a decentralized payment network and storing computer code.
- Bitcoin has limited smart contract functionality while Ethereum allows for the creation of smart contracts, which are computer codes stored on a blockchain and executed when predetermined terms and conditions are met.
- Bitcoin uses the Proof-of-Work (PoW) consensus mechanism while Ethereum uses the Proof-of-Stake (PoS) consensus mechanism.
- Bitcoin has a block time of 10 minutes while Ethereum has a block time of only 14 to 15 second.
- Bitcoin’s very high energy consumption and is much higher than Ethereum’s.
- Bitcoin is the most popular digital currency followed by Ether, the native currency of Ethereum.
- Bitcoin transactions are generally for keeping notes while Ethereum transactions may contain executable code.
- Bitcoin runs on the SHA-256 hash algorithm while Ethereum runs on the Keccak-256 hash algorithm.
- Bitcoin has a block limit of 1 MB while Ethereum does not have any block limit.
- Bitcoin miners receive nearly 6.25 BTC for successfully adding a new block while Ethereum miners receive nearly 5 ETH along with additional rewards for successfully adding a new block.
