eToro Portfolio Update – June Investor Report

June was another challenging month for the cryptocurrency market, with continued volatility and negative sentiment weighing on prices across most digital assets. Despite the short-term weakness, I remained focused on executing my long-term strategy without being influenced by market emotions.

Portfolio Performance

• June 2026 Performance: -6.80%
• 2026 YTD Performance: -12.47%
• Average Risk Score (Last 7 Days): 4
• Popular Investor Level: Champion
• Current Copiers: 99
• Assets Under Copy: $156.85K

Although June closed in negative territory, this performance was largely in line with the broader crypto market. My investment approach has always been based on multi-year market cycles rather than short-term price movements.

Portfolio Overview

Current Asset Allocation

• Cash: 45.93%
• Crypto: 50.29%
• ETFs: 2.03%
• Stocks: 1.76%

Maintaining a relatively high cash allocation is intentional. It provides flexibility to accumulate high-conviction assets during periods of market weakness rather than chasing prices higher.

What I Did During June

During the month I continued implementing the portfolio restructuring strategy that I shared in previous updates.

The main focus has been:

• Increasing exposure to my highest conviction assets.
• Building positions systematically using predefined buy levels.
• Maintaining disciplined limit orders instead of reacting emotionally to market volatility.
• Keeping sufficient liquidity available for future buying opportunities.

Several new limit orders remain active for Bitcoin, Ethereum, Solana, TAO and SUI, ready to execute automatically if the market offers better prices.

Market Commentary

June remained dominated by uncertainty.

Several factors continued to pressure the cryptocurrency market, including ongoing regulatory discussions, cautious investor sentiment and profit taking following the strong recovery seen earlier in the year.

At the same time, institutional adoption continues to develop steadily, while Bitcoin and Ethereum remain the primary beneficiaries of long-term capital inflows.

In my opinion, the current environment resembles an accumulation phase rather than the beginning of a structural bear market. Volatility should be expected, but it also creates opportunities for disciplined investors.

Long-Term Strategy

Many investors naturally become impatient during periods like this.

I have received messages asking why the portfolio is temporarily negative or why crypto has underperformed traditional equities over recent months.

My answer remains exactly the same as it has been for years.

My strategy is designed around 5 to 10 year investment cycles, not monthly performance.

Historically, the biggest returns have often come after periods of pessimism, when sentiment was at its weakest. Trying to predict every short-term movement usually leads to emotional decisions, while maintaining discipline has consistently proven more effective over the long run.

For this reason, I continue following my predefined investment plan rather than reacting to daily market noise.

Looking Ahead to July

Going into July my priorities remain unchanged:

• Continue accumulating high-conviction assets when predefined buy levels are reached.
• Simplify the portfolio by gradually reducing legacy micro positions over time.
• Continue improving diversification with the gradual addition of ETFs and traditional assets as part of the broader allocation plan.
• Maintain a conservative risk profile while remaining positioned for the next phase of the crypto market cycle.

As always, I will continue sharing regular updates and remain fully committed to executing the strategy with discipline and consistency.

Thank you to everyone who continues to copy and support my portfolio. Your trust is greatly appreciated, and I remain focused on delivering long-term value rather than short-term speculation.

Past performance is not indicative of future results. This update reflects my personal investment approach and should not be considered financial advice.

Vincenzo Stefanini

Popular Investor on eToro