The MunAiMarkets Bitcoin/Ethereum Crypto Portfolio tracks the performance of the Grayscale Bitcoin Mini Trust (BTC) and the Grayscale Ethereum Mini Trust (ETH) and In February they went 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 continued in March. going DOWN 5.7%, on average, with ETH DOWN 14.7% and BTC DOWN 0.7%.
The category was UP 12.8% last week (Bitcoin UP 12.4%; Ethereum UP 14.1%) and is now UP 8% on average MTD (Bitcoin UP 14.1%; Ethereum DOWN 4.7%) and is now DOWN 19.2% YTD (Bitcoin UP 1.0%; Ethereum DOWN 46.0%)
Please note: For
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a chart of the portfolio’s performance historical Portfolio YTD, 1M, 6M and 1Y Performances, go HERE, Add Specific Portfolio Symbols, Scroll Down to Portfolio Performance Settings & Click on Calculate Performance, Scroll Down to Portfolio Performance Chart & Specify Time Period and Scroll Down to Returns by Period.
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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
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the specific ETF’s performance statistics and financials go HERE, type in ETF Symbol, and Click on Statistics and Financials
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the reasons behind the price change in a specific ETF go HERE and ask “Why did x ETF change price so much this month?”
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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.
- 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.
- uses the Proof-of-Work (PoW) consensus mechanism while Ethereum uses the Proof-of-Stake (PoS) consensus mechanism.
- has a block time of 10 minutes while Ethereum has a block time of only 14 to 15 second.
- has very high energy consumption which is much higher than Ethereum’s.
- is the most popular digital currency followed by Ether, the native currency of Ethereum.
- transactions are generally for keeping notes while Ethereum transactions may contain executable code.
- runs on the SHA-256 hash algorithm while Ethereum runs on the Keccak-256 hash algorithm.
- has a block limit of 1 MB while Ethereum does not have any block limit.
- 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.
