General comments
BTC dominance is showing signs of trend change to the downside, representing an opportunity to seek gains against BTC in the altcoin market. However retail activity remains subdued. While altcoin dominance is expected to trend up in the coming month, this is unlikely to be experienced evenly across alts, as projects with weak fundamentals may still experience some gains but will ultimately be left behind.
Platform and JL funds overview
Significant improvements to the GV Funds functionality has meant that most of what was originally proposed under the GVBIX series has been folded into the funds function. Particularly: investors can now asses fund performance against different base currencies over time; assets can be rebalanced intra-monthly on a limited basis; the asset offering now includes most Binance and Huobi assets, greatly expanding the power of funds. All these factors have largely obsoleted the GVBIX concept, which is encouraging to see from a platform development perspective.
In response to the improvements, the tiered asset indices has been expanded to 7 tiers, covering almost the entire range of crypto assets offered by GV Funds (approximately 250 assets).
Given the great expansion of asset offerings, a new series of sector-based funds seems a likely next step in expanding the JL funds offering.
Retail activity has remain relatively low but steady as the decline in altcoin valuations has slowed down.
Fund fee structure has been streamlined with the introduction of managers' ability to adjust fees without needing to contact support.
JL Funds
| General Funds | Link | Entry Fee | Exit Fee | Comment |
|---|---|---|---|---|
| GVBIX BlueChip Index | https://genesis.vision/investor/funds/jl-indexfive | 0.33% | 0.33% | - |
| Fundamental AltPicks | https://genesis.vision/investor/funds/cheap-hot-alts-01970 | 0.67% | 0.67% | - |
| Tiered Index Funds | Asset Ranks | Link | Relative volume | Entry Fee | Exit Fee | Comment |
|---|---|---|---|---|---|---|
| Tier 0 GV Assets Index Fund | #1 - #10 | https://genesis.vision/investor/funds/indexten-030-020 | ≈84.89% | 0.33% | 0.33% | - |
| Tier 1 GV Assets Index Fund | #11 - #30 | https://genesis.vision/investor/funds/jlf11 | ≈10.12% | 0.33% | 0.33% | - |
| Tier 2 GV Assets Index Fund | #31 - #100 | https://genesis.vision/investor/funds/jlf12 | ≈3.4% | 0.33% | 0.33% | - |
| Tier 3 GV Assets Index Fund | #101 - #200 | https://genesis.vision/investor/funds/jlf13 | ≈0.87% | 0.33% | 0.33% | - |
| Tier 4 GV Assets Index Fund | #201 - #300 | https://genesis.vision/investor/funds/jlf14 | ≈0.34% | 0.33% | 0.33% | - |
| Tier 5 GV Assets Index Fund | #301 - #400 | https://genesis.vision/investor/funds/jlf15 | ≈0.16% | 0.33% | 0.33% | - |
| Tier 6 GV Assets Index Fund | #401 and below | https://genesis.vision/investor/funds/jlf16 | ≈0.13% | 0.33% | 0.33% | - |
| Sector Funds | Link | Entry Fee | Exit Fee | Comment |
|---|---|---|---|---|
| Exchange Sector | https://genesis.vision/investor/funds/jlfund10 | 0.30% | 0.20% | - |
| Single-asset Funds | Link | Entry Fee | Exit Fee | Comment |
|---|---|---|---|---|
| BNB Hedge | https://genesis.vision/investor/funds/bnb-hedge | 0.10% | 0.10% | - |
| LTC Hedge | https://genesis.vision/investor/funds/eth-hedge | 0.10% | 0.10% | Link is correct - fund was re-purposed from 'ETH Hedge' |
| XRP Hedge | https://genesis.vision/investor/funds/xrp-hedge | 0.10% | 0.10% | - |
Thanks for reading.
JL
This blog is not financial advice. This is an independent blog. Please do your own research. You are responsible for your own investment decisions. The views and opinions expressed in this article are those of the author(s), and do not necessarily reflect the views and opinions of Genesis Vision or its affiliates.