Crypto Strategy - Utility Protocols
Week 30 of no opinion, just math: The weekly execution log of a quantitative crypto strategy.
FICH Crypto is a systematic, long-only algorithmic strategy trading exclusively within the top 150 altcoins by market capitalization. Every Friday, our algorithm evaluates relative strength across the universe and automatically rotates capital into the most dominant digital assets — maximizing exposure to structural crypto trends while completely removing human bias.
If you have invested $1,000 with Fich Crypto on Jan 2020 you would now have $114,578
1. Market overview
Crypto markets saw moderate volatility: Bitcoin ranged roughly $64,000–$66,800, while Ethereum held up better amid ETF inflows and technical rebounds; altcoins (Solana, XRP, Cardano) showed mixed moves tied to network upgrades and higher activity. Total market cap hovered around $2.2 trillion as cooling inflation data and ongoing ETF flows competed with broader risk-off pressure from equities.
U.S. regulation remained in focus: the Senate advanced the CLARITY Act, which includes an ethics provision restricting federal officials from issuing or sponsoring digital assets; it may face a floor vote soon, with some bipartisan support but Democratic concerns about conflict-of-interest safeguards. The SEC also agreed to resolve a records dispute with Coinbase via a modest settlement.
Institutional and corporate activity increased: Citadel Securities invested $400 million in Crypto.com at a $20 billion valuation, and Galaxy Digital pursued $3.5 billion in debt financing for infrastructure expansion. Tokenization partnerships (including Securitize and Cantor) grew, while stablecoins saw rising enterprise adoption.
Risks and challenges persisted: reports pointed to increasing violent cyber attacks targeting crypto entities and ongoing difficulties for public companies holding digital-asset treasuries during price consolidation.
Fich Monthly returns %
2. This week overview: Fich Crypto vs the market
Through 23 July 2026, Fich investment strategy returned +6.43% in July so far, against +11.04% for Bitcoin and +19.49% for Ethereum.
Stepping back to the year-to-date picture:
3. The portfolio this week: bought, sold, and held
On 23 July 2026 the system closed 3 positions and opened 4 new positions and held 2 from the previous week, leaving the portfolio at roughly 10.9% cash.
The algorithm systematically closes underperforming assets while holding positions with strong momentum.
Closed trades, return on each closed position:
Average closed-trade return: +2.38%. Hit rate: 3/3 (100% winners).
Current portfolio:
New Portfolio update
Real-world asset (RWA) tokenization and tokenized equities were the dominant catalysts across several major altcoins, with multiple signals pointing to accelerating institutional adoption. Ondo gained momentum as tokenized stocks moved closer to mainstream market infrastructure, supported by progress around DTCC-led tokenization pilots and expanding regulatory standing via its Oasis Pro Markets subsidiary, reinforcing the investment case for 24/7, fractionalized access to traditional assets. Hedera strengthened its enterprise narrative through high-profile tokenized collateral and cash-flow streaming use cases with traditional finance participants, alongside improved institutional readiness through regulated custody tooling—developments that underscore a shift from pilots toward practical deployments.
In DeFi, Uniswap benefited from renewed value-accrual narratives and usage growth tied to tokenized equities activity, with governance discussions around directing more protocol economics toward UNI burns and product upgrades designed to attract and retain liquidity. Separately, Cardano’s latest hard fork reduced smart contract costs and improved performance, coinciding with a notable rebound in on-chain activity and positioning the network for further scalability milestones, which could support renewed developer and liquidity interest if broader market conditions remain constructive.
4. Multi-year track record
By the end of last week, that hypothetical $1,000 was worth $114,578 in the strategy, versus $9,042 in spot Bitcoin and $14,366 in spot Ethereum.
Fich Crypto Strategy vs. BTC and ETH — growth of $1,000 since inception (log scale).
Disclosure: All performance metrics account for a 0.10% commission per trade side. Execution is strictly limited to the Top 150 altcoins by market capitalization, rebalanced every Friday. Full historical performance data is available at Fich.ai. This letter is for informational purposes only and does not constitute investment advice.