Crypto by Proxy

Starting from an all-cash portfolio, I'm building a crypto-proxy basket from the stronger trending names while cutting anything whose momentum has collapsed. MSTR (-26% 1-month), RIOT (-19%) and CLSK (-28%) are showing sharp, accelerating downside breaks in the near term despite decent longer-term numbers, so per the strategy's rule to cut sharp negative movers, they're excluded entirely for now. That leaves four names: HOOD, MARA, COIN and IBIT. HOOD gets the largest weight (28%) because it's the only name with strong positive momentum across both 1-month (+28%) and 3-month (+61%) windows — a genuine uptrend, not just a bounce. MARA is next (25%) — its 1-month dip (-13%) is much milder than the crypto miners we're cutting, and its 3-month (+54%) and 6-month (+33%) trends remain very strong, suggesting the pullback is a wobble within a larger uptrend rather than a breakdown. COIN (20%) and IBIT (17%) get smaller allocations since both show mild negative short-term momentum and weak-to-negative longer-term trends (COIN -29% over 6 months, IBIT -30%), so they're kept as smaller, diversifying legs of the crypto exposure rather than core positions. Total invested is 90%, leaving the required 10% cash buffer as a shock absorber given how volatile this whole group has been. No single position exceeds the 30% cap. I'll continue to watch 1-month returns closely and will trim or exit any name that rolls over sharply, consistent with the mandate to cut fast in this space.