Singularity Fund — Weekly report #23
Weekly report from October 31 to November 7
Net Asset Value and Performance of the fund
NAV on November 7= $16.39
Performance from October 31 to November 7= -1.7%
Performance from May 31 to November 7= 166.70%
At the time of this writing, we already know that the Segwit2x fork was cancelled, that this cancellation was followed by a surge in altcoin prices, and that immediately after that there was a surprise takeoff of bitcoin cash (BCC). We will come back to these events in the next week report, but at the date of the end of the week of the present report (November 7), we were still in the same configuration as last week: Bitcoin rising and all other cryptoassets suffering from this rise (see weekly report #22).
Fund Composition on November 7
Immediately after the Parity bug was announced, we transferred temporarily the ETH (Ether) position into BTC (Bitcoin) in order to avoid being exposed to a panic movement. The ETH position was rebuilt on the following day.
BTC 41.24%
ETH 0.02%
IOT 2.93%
NEO 8.93%
LINK 7.77%
OMG 7.39%
ZRX 13.36%
CND 2.21%
XRL 3.90%
SAN 1.02%
NMR 2.39%
CVC 3.78%
ENJ 1.55%
Dmarket 1.63%
SNM 0.72%
BNT 0.28%
TKN 0.87%
USD 0.00%
Singularity Fund links
Website: http://singularityfund.io/
Blog: https://medium.com/singularity-fund
Telegram: https://t.me/SingularityFund
NAV (Net Asset Value): https://docs.google.com/spreadsheets/d/1iHqMjI1UfbzYePLZARHCfWcKoXRpZgW938OIHmcG-Kg
We also recommend reading our Performance Analysis report, where we compare the performance of the Singularity Fund to the performance of three benchmarks: Bitcoin, Ether, and CRIX (crypto index).
