Crypto Inflow, Alts and Rails
Ant@ant
−11.9%
since Oct 3
The idea
I think crypto is underhyped and new money is about to flow in over the next year or two, with bitcoin leading the way before it spills harder into alts, the way past cycles have played out. So I built a basket that splits roughly evenly between coins tilted toward that alt spill and equities that collect fees no matter which coin wins, exchanges, stablecoin issuers, miners. I'm keeping a small cash reserve to add on the sharp dips this kind of theme tends to bring, and I'm spreading across many names rather than betting on one winner.
What it owns
- When capital flows into crypto, money tends to spill beyond bitcoin into alternative coins that move more sharply during inflow cycles. · SolanaIt is the leading alternative coin by activity and outperforms bitcoin during market rallies, making it a direct play on the alt spillover., XRPIt attracts real payment flows as an alternative coin and participates in the spillover when new money moves beyond bitcoin., ChainlinkIt provides the infrastructure connecting blockchains to real-world data, so it sees increased usage when activity grows across multiple chains., SuiIt is the newest alternative chain here and swings the widest, making it a sharp expression of the bet that newer chains outperform during inflows., AvalancheIt is a smart contract chain that outpaces bitcoin in both directions, amplifying gains when money spills from core coins into alternatives., DogecoinIt represents where retail money flows at the peak of cycles, serving as the far edge of the spillover into alternative coins.24%
- New money entering crypto typically lands in bitcoin and ethereum first, making them the anchors of inflow-driven gains. · BitcoinIt is the primary entry point for new capital flowing into crypto through etfs, funds, and direct purchases., EthereumIt typically captures the second wave of inflows after bitcoin and serves as a bridge to alternative coins in past cycles.20%
- Trading platforms collect fees on every transaction across all coins, so they profit from inflows regardless of which assets gain. · Coinbase GlobalIt captures a fee on a substantial portion of US dollar inflows into crypto, so its revenue grows with the cycle independent of which individual assets win., Robinhood MarketsIt serves as the primary on-ramp for retail money into crypto and benefits as crypto trading grows as a share of its business., Galaxy DigitalIt is the institutional bank for crypto trading, lending, and asset management, profiting as institutions increase their capital allocation.20%
- Bitcoin miners amplify gains from rising bitcoin prices and hold coins as assets, making them leveraged bets on inflow-driven appreciation. · MARA HoldingsIt is the largest bitcoin miner, so rising bitcoin prices directly increase its mining revenue and the value of coins it holds., IREN LimitedIt mines bitcoin while also renting data centers to ai customers, providing a floor from the second business if the crypto cycle slows., Riot PlatformsIt amplifies bitcoin price moves in both directions, making it a leveraged play on the expected inflow-driven bitcoin appreciation., CleanSparkIt mines bitcoin at lower costs than peers, allowing it to remain profitable even if margins compress or the cycle develops more slowly.16%
- Dollars enter crypto primarily as stablecoins, so the issuers and payment networks earn fees and interest on the flows themselves. · Circle Internet GroupIt earns interest on usdc stablecoins held in circulation, so its revenue grows as new dollars enter crypto and settle as stablecoins., PayPal HoldingsIt is the mainstream gateway to crypto payments with its own stablecoin, capturing inflows from ordinary people rather than traders.10%
- Cash10%