Crypto
Thesis
Digital assets are building institutional rails (spot ETFs, stablecoins, regulated exchanges), and listed companies around them give exposure to activity as well as price. The long-term case is adoption and market-structure maturation.
Risks
It trades as a high-beta risk asset. Bitcoin slipped below $78,000 after a fourth weekly loss, with ETF outflows and a reported $6.3B Binance hack. Miners and treasury companies amplify moves, and exchange-security or regulatory events can hit the whole stack. Figures as of November 2026.
| Asset | Underlying | Instrument | Role | Side | Weight | 24h price | On the book | |
|---|---|---|---|---|---|---|---|---|
 BTC Bitcoin | Bitcoin BTC · Crypto | Crypto Crypto asset | core | Long | 45.00% | ▲+1.39% | +0.63% | |
 MSTR Robinhood | Strategy MSTR · Financials | B- Tokenized equity | beneficiary | Long | 7.00% | ▲+4.20% | +0.29% | |
 COIN Robinhood | Coinbase COIN · Financials IBLC13.2% | B- Tokenized equity | core | Long | 7.00% | ▲+6.09% | +0.43% | |
 CRCL Robinhood | Circle CRCL · Financials IBLC11.9% | B- Tokenized equity | core | Long | 7.00% | ▲+5.38% | +0.38% | |
 HOODB BTECH Holdings Limited (ADGM) | Robinhood HOOD · Financials IBLC1.4% | B Tokenized equity | core | Long | 7.00% | ▲+1.71% | +0.12% | |
 ETH Ethereum | Ethereum ETH · Crypto | Crypto Crypto asset | core | Long | 3.00% | ▲+1.62% | +0.05% | |
 HYPE Hyperliquid | Hyperliquid HYPE · Crypto | Crypto Crypto asset | core | Long | 3.00% | ▲+1.70% | +0.05% | |
 SOL Solana | Solana SOL · Crypto | Crypto Crypto asset | core | Long | 3.00% | ▲+1.51% | +0.05% | |
ZEC ZEC Zcash | Zcash ZEC · Crypto | Crypto Crypto asset | core | Long | 3.00% | ▲+6.13% | +0.18% | |
 HUTx Backed Assets (xStocks) | Hut 8 Corp. HUT · sector n/a IBLC5.7% | B- Tokenized equity | picks and shovels | Long | 3.00% | ▲+17.42% | +0.52% | |
IREN IREN Robinhood | IREN Limited Ordinary Shares IREN · sector n/a IBLC7.1% | B- Tokenized equity | picks and shovels | Long | 3.00% | ▲+10.65% | +0.32% | |
 RIOTx Backed Assets (xStocks) | Riot Platforms, Inc. RIOT · sector n/a IBLC3.6% | B- Tokenized equity | picks and shovels | Long | 3.00% | ▲+16.34% | +0.49% | |
 MARAx Backed Assets (xStocks) | MARA Holdings, Inc. MARA · sector n/a IBLC2.0% | B- Tokenized equity | picks and shovels | Long | 3.00% | ▲+10.26% | +0.31% | |
WULF WULF Robinhood | TeraWulf Inc. WULF · sector n/a IBLC3.4% | B- Tokenized equity | picks and shovels | Long | 3.00% | ▲+13.94% | +0.42% |
iShares Blockchain and Tech ETF
21 constituents we could add · 6 not in the registry · 5 unresolved keys
None this week.