Insights

BlockBay Capital portfolio update June 2021

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The portfolios achieved a negative return between -10% and -15% in June.

The relatively large position of the portfolio in Bitcoin reduced the loss at the portfolio level. Bitcoin’s price at the end of the second quarter (as of June 30) was $35,000. Compared to the high on April 14 ($64,000), the price of Bitcoin has fallen more than 45%. Since mid-May, Bitcoin’s price has been moving in the range of $30,000 and $40,000.

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BlockBay Capital portfolio update May 2021

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The portfolios achieved a negatieve return of approximately -19% in May.

Bitcoin had a monthly return in May of -36%, which is one of the worst months since inception. As two of the top three holdings, Ethereum (-4%) and Cardano (+27%) ensured that the portfolio loss was reduced.

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