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June 2023: norDL Monthly Performance Report

norDL Monthly Performance Report

🗓️ 07-Jul-2023

HODL, norDL Investors!

What an eventful month it was for the Crypto Market!

In June, the crypto market experienced significant volatility due to major crypto events in the US.

However, the Market ended in the green due to the outstanding performance of Bitcoin.

The month of June began with negative sentiment due to unexpected legal action from the US SEC (Securities and Exchange Commission) on two of the major crypto exchanges.

In addition, SEC considered 68 cryptocurrencies as security without giving a clear justification and definition of “What is security in the Crypto Market?”.

Both the exchanges issued a statement to deny the allegations and requested the SEC to adequately provide clear guidance to comply before taking arbitrary action against them.

The Second half of June was filled with extremely positive news.

BlackRock, The largest asset manager in the world filed their application to launch BitcoinETF to SEC.

A similar move was then followed by Fidelity and other asset management firms.

BitcoinETF launch is a stepping stone for Bitcoin’s adoption by leading financial institutions and broader adoption across the globe. This news alone pushed Bitcoin up as much as +13% in June.

Want to know more about BitcoinETF? Click Here

Overall, The Crypto Market ended in green with a +9.20% gain with bitcoin leading the most of the gain in the Month of June.

Let’s check out the performance of the Crypto Index Funds over the last month.

Performance of Crypto Index Funds:

In June, the crypto market posted a return of +9.20%. In the same period, Crypto Index Funds performed between -12.22% to +10.53%.

Check out the following graph to know each fund’s performance in June.

Crypto Index Funds have slightly underperformed compared to the crypto market.

The reason behind the underperformance is that Bitcoin gained as much as +13% in value but the rest of the leading crypto assets either were flat or fell by 10-20%.

For example, the leading cryptocurrencies like BNB, XRP, MATIC, ADA etc. performed between -10% to -20%.

The holder of these individual crypto assets lost up to 20% of their portfolio. However, Due to diversification investors in Crypto Bluechip Index Fund and Blockchain Fortune Index Fund with the same cryptocurrencies were able to save their capital and generated a +4.60% and -5.30% return respectively.

Two of the five funds performed negatively but they performed better than most of the individual coins in the funds.

If we look at the overall performance, 4 out of 5 funds have given positive returns of up to +72.50% in the last 6 months.

Check out the following graph to know each fund’s performance:

norDL Updates:

norDL investor community is growing rapidly. In the last 6 months, investors from 25+ countries have joined the norDL platform to make their investments easy and effective.

So far, we have received positive feedback from the users. Plus, We’ve learned a lot from our user feedback and made norDL better than ever.

However, there are still a lot more exciting updates coming for the users to improve their investing experience on norDL.

Here are the important updates scheduled for the next 6 months.:

  • norDL App to invest at your fingertips
  • Earn rewards on important investment milestones on norDL
  • Easy withdrawal and deposit with multiple networks and Fiat option
  • DCA feature for multiple leading coins
  • Launch of attractive and secure funds for investing in emerging coins—coming soon!
  • Learn and Earn Program for norDL investors
  • Introduction of $NORD utility on norDL. Stakers and Holders of $NORD would be able to Earn, Invest and get a fee Rebate on norDL to boost their portfolio soon.
  • Much More…

We are thankful for all the investors who are actively using norDL for their investments.

Keep sending your valuable feedback to help us build the best crypto investment experience on norDL.

Invest Right and HODL Tight!

Disclaimer: Crypto is a volatile and slightly risky asset due to its novel nature. Please Consult your financial advisor to allocate appropriate funds to invest in crypto assets apart from your traditional investing.

Follow us to join the smart Crypto Investor Community on norDL:

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