The Momentum Fund
What a month it has been! In early May Bitcoin surged upwards from the low $5000 range to hit over $8000. There should be no surprises then that the Momentum Fund remains with its maximum Bitcoin allocation. As shown in the chart below, at the time of writing BTC is sitting at $8049, well above both the 100 DMA ($4819) and 200 DMA ($4470). The black arrow shows then the fund began. You can see the full Momentum Fund strategy here.
https://i.redd.it/40oimj06ofz21.png
The Community Fund
As explained in a post from last week, we are creating a new fund which will pool the community's views on which two coins will perform the best over the coming thirty days. Voting for the first month is open now and will close at the end of May. There has been a good voter turnout so far, thanks to everyone who has contributed. If you haven't voted, it only takes 20 seconds, it is fully anonymous and you do not need to sign up to anything. You can vote here. The Community Fund will go live on the 1st June 2019 and we will give you a further announcement regarding this.
Assertive, Intrepid, Balanced & Defensive Funds
We have completed our reallocation for this month. A heavier weighting has been given to TRON, ICON, EOS and LINK due to important upcoming events in June for each. As usual, we maintain a set allocation to stable coins to protect against any sudden downturns in the market.There appears to have been a glitch in the GV platform last month, with two of our funds showing a sudden sharp drop in profit on April 23rd, as shown below. We are not sure why this happened (possibly something to do with reallocation which occurred a few days prior). The screenshot is taken from our Defensive fund which has an 80% stable coin backing, so it is quite strange that the fund shows a sudden drop of 25% like this. Regardless, this does not reflect the actual value of the fund which grew steadily over the course of the month.
https://i.redd.it/g4fpcf0hqfz21.png
No comments:
Post a Comment