Dear Investors,
We are pleased to provide an update on our strategy, as recent market developments suggest a potential recovery is underway. As of today, Bitcoin ($BTC) has surged past $67,000, and Ethereum ($ETH) is trading around $2,600, indicating that our move to maintain exposure is beginning to pay off.
Several macro indicators point towards continued momentum:
- Open interest has climbed by 25% month-over-month, signalling increased activity in the futures market, which typically supports higher spot prices.
- Concerns about a potential sell-off of the US government’s Bitcoin holdings appear premature, alleviating near-term downward pressure on the market.
- Political developments in the US are also influencing the market, with Polymarket showing former President Trump leading the polls with a 53.8% chance of winning the upcoming election. This has further supported Bitcoin’s price as markets anticipate potential shifts in economic policy.
Strategy Update:
Given the current price levels, our strategy indicates that if Bitcoin sustains these levels, we will soon be required to reallocate the portfolio to maximum exposure in line with our model’s signals. This reallocation will position the portfolio to fully capitalise on any continued upward momentum.
Over the past 12 months, our portfolio has outperformed the market-cap weighted index and we remain among the top-performing smartportfolios on eToro.
We acknowledge that there have been challenges, particularly due to abrupt market movements and the super-dominance of Bitcoin over the last 1 to 2 years, which have led to a natural underperformance of market-cap weighted indices. We are continuously working to improve our trend-following signals to better identify these sudden shifts.
We appreciate your trust and confidence in our strategy. We believe that our commitment to maintaining exposure, even during volatile periods, is proving to be the right approach in today’s market and macro conditions.
Thank you for your continued support.
Best regards,
$CS.ST (CoinShares International Limited) Team... Show More
I didn't get an answer previously so I have to ask again:
I'm based in the UK, where we have some new laws for a few months and I'm not allowed to increase my investments through this portfolio.
My question is: will my current investment still be fully synchronised with your portfolio or will it divest... Show More
Bonjour, merci pour l'update. J'ai une question hors-sujet, lorsque j'ai commencé à vous copier en 2021, eToro considérait encore les BTC comme des CFD, et dans ma copie actuelle j'ai encore ces CFD BTC datant de 09/2021 et 05/2022, et ils qui me coutent pas mal en fees. Est ce qu'un jour vous allez... Show More Translate
Vorrei chiedere a Napoleon se le eventuali plusvalenze nel fondo crypto saranno tassate in Italia dal 2025 al 42% o resteranno al 26% di tassazione .
Mi può gentilmente rispondere?
Grazie.... Show More Translate
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