In late 2020, I started buying into ethereum stocks/funds to complement my purchases of bitcoin stocks. What few I bought were the ones that piqued my interest. There was no grand scheme or template like I had with bitcoin stocks using bitcointreasuries.org. Basically, whatever came up on postings on stock-related forums or viewings on Youtube that had an altcoin slant, I would look into and try to do some due diligence.
Two stocks purchased in late 2020 - Ether Capital (ETHC) and 3iQ Ether Fund (QETH) have gone up 244% and 270% respectively. So far, so good.
Lately in 2021, I have diversified into some altcoin stocks, specifically Graph Blockchain (GBLC), a company that is earning staking rewards for the Polkadot, Cardano and Chainlink blockchains and Intellabridge Technologies (INTL), a company working with the Terra blockchain.
This coming week in Canada, there will be three Ether ETFs ready for trading. I hope to buy into one. Over the next few weeks I'm looking to participate in publicly-traded companies involved in decentralized finance (DeFi) and non-fungible tokens (NFTs).
Below are the rate of returns based on my brokerage summary at the end of each week.
Ethereum Stocks
Ether Capital (ETHC):+244.5% (Apr 16/21) +198.5% (Apr 9/21) +169.7% (Apr 1/21) +154.3% (Mar 26/21) +159.8% (Mar 19/21) +180.5% (Mar 12/21) +195.8% (Mar 5/21) +193.1% (Feb 26/21) +225.6% (Feb 19/21) +231.9% (Feb 12/21) +249.0% (Feb 5/21) +170.6% (Jan 29/21) +233.7% (Jan 22/21) +238.2% (Jan 15/21) +277.0% (Jan 8/21) +197.6% (Dec 31/20) +57.8% (Dec 24/20) +68.7% (Dec 18/20) +38.9% (Dec 11/20) +38.0% (Dec 4/20) -17.0% (Nov 27/20)
3iQ The Ether Fund (QETH):+269.8% (Apr 16/21) +218.5% (Apr 9/21) +207.8% (Apr 1/21) +165.6% (Mar 26/21) +181.7% (Mar 19/21) +167.0% (Mar 12/21) +129.2% (Mar 5/21) +118.7% (Feb 26/21) +190.5% (Feb 19/21) +230.0% (Feb 12/21) +234.9% (Feb 5/21) +139.2% (Jan 29/21) +119.5% (Jan 22/21) +94.2% (Jan 15/21) +117.7% (Jan 8/21) +39.0% (Dec 31/20) +11.6% (Dec 24/20) +10.4% (Dec 18/20) -3.9% (Dec 11/20)
DeFi Technologies (DEFI.neo):+22.3% (Apr 16/21) +60.9% (Apr 9/21) +65.5% (Apr 1/21) +72.9% (Mar 26/21) +74.7% (Mar 19/21) +99.5% (Mar 12/21) +130.8% (Mar 5/21) +137.2% (Feb 26/21) +175.9% (Feb 19/21) +49.0% (Feb 12/21) -9.9% (Feb 5/21)
DEFI appointed Crypto influencer Anthony Pompliano as advisor. https://www.globenewswire.com/news-release/2021/03/02/2185089/0/en/DeFi-Technologies-Appoints-Anthony-Pompliano-as-an-Advisor.html
Other Altcoin Stocks
Graph Blockchain (GBLC): -14.1% (Apr 16/21) -26.7% (Apr 9/21) -34.3% (Apr 1/21) -39.4% (Mar 26/21) -40.0% (Mar 19/21)
While still in the red, the reason I'm in GBLC is that I would like to stake some Cardano in a Cardano staking pool. Given that I have only just begun buying into Cardano, perhaps a better bet is to buy into a stock that already does staking in Cardano (and Polkadot and Chainlink to boot, which are top 10-12 coins per CoinGecko.com).
Intellabridge Technologies (INTL):+73.9% (Apr 16/21) +88.2% (Apr 9/21) +78.0% (Apr 1/21) +2.3% (Mar 26/21) +10.5% (Mar 19/21) +12.5% (Mar 12/21)
INTL has been a pleasant surprise. They are developing a Kash app that is using the Terra blockchain.
Conclusion
I believe there will a surge of altcoin stocks coming and I hope to buy into some of them in the near future.
This coming week I will look into buying a Ether ETF. There's 3 starting to trade in Canada and I will buy the one with the cheapest fees - likely CI Galaxy Ether ETF.
