SVB situation appears to have inspired bailouts to be considered by the Fed. Removing remaining USDT exposure from account (about 13%) and placing in crypto.
139.093,10 €
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We invest in use case coins only, ex. top 20 market cap, max 20 coins, and may hold up to 50% cash as the cycle suggests. High beta, trading in/out of cash.
SVB situation appears to have inspired bailouts to be considered by the Fed. Removing remaining USDT exposure from account (about 13%) and placing in crypto.
Closing USDC position and putting into most oversold lines. A tactical move to reduce counterparty risk. USDT position remains on account. We don't believe the selloff is over yet - counterparty risk musty be respected.
Minor rebalance on the account - moving 10% slice of the assets to stable coins. Will rebuy crypto on price pullback.
putting a major rebalance on now - done slow.
Buying ISO20022 compliant/close to compliant names. An event trade to capture upside from favourable SEC vs. Ripplelabs outcome. Once done will put P&L back to the small cap lines which is the core strategy.