In April, the crypto market stood firm, with a steady price appreciation throughout the month. During the first week, the Solidum Crypto Quant Strategy generated mixed signals. As a result, the Investment Committee deemed it most reasonable to invest conservatively, with a 50% exposure to the market. Nevertheless, the market recorded a 21.3% gain in the first nine days. This was followed by a two-week consolidation phase during which time the portfolio structure remained the same. However, by the end of the second week, the strategy generated a buy signal for nearly all assets in the portfolio, except Bitcoin Cash (BCH). Thus, the Investment Committee allocated 92% of the portfolio to active investments, with only BCH maintaining a 50% exposure. The market continued to recover from February/March losses and managed to record a robust positive performance of 39.8% by the end of April.
All of the top 25 assets by market cap reported a positive performance in April. By the end of April, the highest weighted assets in the portfolio were Bitcoin (25.9%), Ethereum (16.3%), Tezos (16%), Chainlink (15.5%) and Binance Coin (15.3%). Moreover, Tezos, Chainlink, and Ethereum were all among the top five performing assets in the previous month, with a superb performance of +70%, +64%, and +55%, respectively.