My Altcoin Stocks Portfolio (at 21/04/23)

Like I mentioned last post, I would be in the market early Tuesday to witness the launching of the three new Canadian Ether ETFs - the first of its kind in North America - and I would be buying the cheapest one. Of the three - Purpose, Evolve, CI Galaxy - it turned out Evolve had the cheapest fee. In fact, they started a price war with zero management fee - so I bought the Evolve Ether ETF.

I am loving it. A price war right off the bat and also a level playing field as all three came out the same day unlike the case with the BTC ETFs, also offered by the same companies, earlier in the year. No first mover advantage.

The ETFs did spike the ether price as ETH hit $2600 at one point on Tuesday.

Alas, the momentum did not hold. However, it was good to see Canada taking a leadership position in this nascent industry.

The portfolio so far - 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 over 230%. 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.

Over the next few weeks I'll be 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):+230.1% (Apr 23/21) +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):+230.7% (Apr 23/21) +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)

I just heard a fourth Ether ETF was launched on Friday. It's from 3iQ, of which I own the closed-end fund above. It has perform well but I wonder if the assets will be transferred over to the ETF like seemingly others have. Wonder if there's an advantage or disadvantage in moving it now or later or does it matter?

DeFi Technologies (DEFI.neo):+25.1% (Apr 23/21) +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

CEO was on the Pomp podcast.

Ethereum ETFs

Evolve Ether ETF (ETHR): -0.3% (Apr 23/21)

Selling point - no management fee until May 31/21.

Other Altcoin Stocks

Graph Blockchain (GBLC): -15.9% (Apr 23/21) -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):+47.3% (Apr 23/21) +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.

I did buy one Ether ETF. Wonder if I should buy another one?