Stock Positions Since Listing: 23 Positive Returns
This is a backtest of one number: what a buyer earned by entering on the day an instrument first became tradable on the platform and holding without exiting. Not year-to-date. Not drawdown from a peak. Entry price against the latest price, per position. Across 43 tickers the median result is +4.9%; 23 finished positive and 20 finished negative. The 23 positive positions, plus the caveats that make the table honest, are below. You can inspect the same instruments in the GT trading dashboard.
Entry prices are the open of the first candle after the instrument became tradable — the first print that actually cleared, not a theoretical reference. Latest prices are the most recent close in the same historical-candles feed. Both figures are pulled from the same backtest engine that end users run before deploying a bot, so a reader looking at this table sees the same numbers they would see in their own simulation.
Rows in the table are ordered by return, largest first. “Access” tells you whether an instrument exists as spot (a tokenized share, ticker plus a B), a perpetual (ticker plus USDT), or both. Eleven of the 23 positive positions are perpetual-only.
The 23 positions that finished positive
The table below is the full list — no cherry-picking within the positive half of the sample. Micron leads at +151.1% over 133 days; gold at the other end returned +3.5% over a shorter window. Rows are not directly comparable because holding periods differ, so read the table as a set of individual entry-to-latest measurements rather than as a leaderboard. A shorter window can flatter a name that spent most of a longer window drawing down; a longer window can bury a name that recently doubled. The interpretation section that follows the table names the specific traps a reader should watch for before drawing conclusions about any single ticker.
| Ticker | Name | Entry | Latest | Return | Access |
|---|---|---|---|---|---|
| MU | Micron | 375.69 | 943.36 | +151.1% | spot + perp |
| SNDK | SanDisk | 726.90 | 1,647.55 | +126.7% | spot + perp |
| INTC | Intel | 46.50 | 96.18 | +106.8% | spot + perp |
| CRCL | Circle | 56.13 | 72.63 | +29.4% | spot + perp |
| AMZN | Amazon | 203.50 | 260.85 | +28.2% | spot + perp |
| NVDA | NVIDIA | 173.83 | 220.06 | +26.6% | spot + perp |
| QQQ | Invesco QQQ | 589.23 | 718.98 | +22.0% | perp |
| MRVL | Marvell | 177.58 | 215.15 | +21.2% | perp |
| PLTR | Palantir | 142.00 | 171.96 | +21.1% | perp |
| TSM | TSMC ADR | 342.50 | 414.23 | +20.9% | perp |
| AAPL | Apple | 259.81 | 310.17 | +19.4% | spot + perp |
| GOOGL | Alphabet | 288.00 | 343.34 | +19.2% | spot + perp |
| SPY | SPDR S&P 500 | 658.30 | 768.57 | +16.8% | spot + perp |
| AMD | AMD | 412.15 | 481.03 | +16.7% | perp |
| BMNR | BitMine Immersion | 16.18 | 18.71 | +15.6% | perp |
| MSFT | Microsoft | 423.29 | 482.18 | +13.9% | spot + perp |
| STXX | Seagate | 840.21 | 915.81 | +9.0% | perp |
| AMAT | Applied Materials | 465.13 | 506.39 | +8.9% | perp |
| DRAM | Roundhill Memory ETF | 51.24 | 55.55 | +8.4% | spot + perp |
| SMH | VanEck Semiconductor ETF | 528.41 | 567.80 | +7.5% | spot + perp |
| IWM | iShares Russell 2000 | 284.82 | 301.22 | +5.8% | perp |
| HOOD | Robinhood | 88.90 | 93.26 | +4.9% | perp |
| XAU | Gold | 4,217.00 | 4,365.24 | +3.5% | perp |
Source: GT internal backtest engine; entry price is the open of the first historical candle after listing on the platform, latest price is the most recent close in the same feed. The 20 negative positions and full per-position entry dates are in the full backtest.
Four things the table doesn’t tell you
A single-column return figure hides four things that matter more than the number itself. Rows are not directly comparable, because each position has its own entry date and holding periods range from 20 to about 250 days — Micron’s +151% is over 133 days, SMH’s +7.5% is over 20. The measurement window also changes the sign: Circle returned +29.4% from platform entry but −46.6% year-to-date, because the stock had already declined before the position opened. Endpoint returns omit the path, so SanDisk’s +126.7% conceals a peak near 2,079 (roughly triple entry) before a heavy retrace. And baskets behave differently from single names — the memory ETF returned +8.4% while individual memory names in it produced triple-digit gains alongside triple-digit volatility.
Holding period varies row by row
The shortest holding period in the positive set is 20 days (SMH); the longest is around 250. Comparing +7.5% over 20 days with +151% over 133 without noting the denominator will mislead. Per-position entry dates live in the full backtest.
The measurement window changes the sign
Circle is the clearest case. From platform entry: +29.4%. Year-to-date: −46.6%. Both figures are arithmetically correct — CRCL declined earlier in the year, and the position opened after that decline. Different windows are different questions. “What did a buyer at listing earn?” and “What has the stock done this year?” have different answers, and this article only answers the first.
Endpoint returns hide the path
SanDisk’s +126.7% is calculated from entry to latest close. Between those two dates the same stock printed as high as 2,079.49 — roughly triple the entry price — before retracing much of it. A holder who exited at the top has a different result from a holder who held through. The memory group as a whole also recorded a single-session decline of 5–7% as the 30-year US Treasury yield reached 5.3%, a reminder that the equity path in a rising-rate week doesn’t look like the endpoint return.
Baskets and single names are different products
The Roundhill Memory ETF (DRAM) returned +8.4%; individual memory names inside its universe produced triple-digit gains and triple-digit volatility. The basket is the diversified version of the same theme, not a leveraged bet on the winners. A reader whose thesis is memory-cycle should decide whether they want the basket’s smoothed return or a single-name payoff before sizing the position.
Spot versus perpetual: how the two access paths differ
Every ticker in the table above trades as a perpetual contract. Twelve also trade as spot — a tokenized share backed 1:1 by the underlying, held with a regulated custodian. The two are different products with different mechanics, different capital profiles and different risks, and the choice between them is not a preference. It’s a function of what you want to hold, for how long, and with what leverage. Spot is designed for buy-and-hold exposure with fractional sizing and no expiry. Perpetuals are designed for leveraged directional bets that settle continuously via funding. Table below breaks out the differences a trader actually decides on before opening a position.
| Dimension | Spot (tokenized stock) | Perpetual |
|---|---|---|
| Ticker format | Base + B / USDT (e.g. MUB/USDT, AAPLB/USDT) | Base + USDT (e.g. MUUSDT, TSMUSDT) |
| What you own | Certificate backed 1:1 by the underlying share held with a regulated custodian | A derivative contract; no shares owned |
| Voting rights | None — tracks price and dividend economics only | None |
| Leverage | Not available | Available |
| Funding | None | Settles every 8 hours |
| Expiry | None | None (perpetual) |
| Sizing | Fractional | Contract-size dependent |
| Coverage in this table | 12 of 23 positions | All 23 positions |
| Trading hours | Continuous — independent of US market hours | Continuous — independent of US market hours |
Facts on the instrument mechanics come from the platform’s own instrument specifications; leverage, funding cadence and 1:1 backing are the standard design choices for tokenized-equity spot and equity-perpetual products in this venue class. Availability and terms change — always confirm on the trading dashboard before opening a position.
Why continuous trading matters — and where it doesn’t
Both spot and perpetual versions of these instruments trade continuously, independent of US market hours. That’s the design feature that lets a trader react to a data release when it happens, not at the next New York open. It’s the reason a European or Asian holder can size or hedge a US-listed name at their own local morning. But continuous trading is not continuous liquidity. Spreads widen outside base-market hours because the underlying cash market isn’t setting a price, and any large order posted into a thinner book will cross that wider spread. On a leveraged perpetual, the same 5–7% intraday move that would be uncomfortable in cash becomes a materially different figure at 10x. Continuous access is a feature; it is not a substitute for sizing.
Four qualifications a buyer should read before entering
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A tokenized stock is a certificate, not equity ownership. It tracks price and dividend economics but carries no voting rights.
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Access is restricted by jurisdiction and unavailable to US, UK and European residents. Check eligibility before opening an account.
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Spot versions do not exist for every ticker. Eleven of the 23 positive positions are perpetual-only.
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Leverage works in both directions. A 5–7% daily move at 10x can double or wipe the margin behind the position; a percentage on the underlying is not the same figure on the account.
How to read this against the rest of the sample
The 23 positive positions above are half of the story; the other 20 finished negative. Median return across all 43 positions is +4.9%. That number is the honest headline: the population is roughly balanced, with a right tail of large positive outcomes (Micron, SanDisk, Intel) that pulls the mean above the median. Anyone using this table to size an entry today should look at the full 43 — winners and losers together — because a list of only the positives is a survivorship view, not a forecast. The negatives, and the median, are what tell you the base rate. Both spot and perpetual access on GT can be inspected before deploying capital via the trading dashboard’s backtest tool, which is the same engine that produced the entry and latest prices here.
Frequently Asked Questions
What does “return from listing price” mean in this table?
It is the return a buyer would have earned by entering on the day the instrument first became tradable on the platform (open of the first historical candle after listing) and holding without exiting until the most recent close. It is not year-to-date, not from any peak, and it does not include any drawdown along the way.
Why is the median only +4.9% when the top of the table is +151%?
Because the table only shows the 23 positions that finished positive. The full sample is 43; the other 20 finished negative. The median across all 43 is +4.9%. The right tail (Micron, SanDisk, Intel) is large but narrow, which is why the median sits well below the top of the list.
Are the rows in the table comparable to each other?
Not directly. Each position has its own entry date, so holding periods range from about 20 days to about 250. Micron’s +151% is over 133 days; SMH’s +7.5% is over 20. Compare returns only after normalising for holding period, or read each row as a standalone measurement.
What is the difference between the spot and perpetual versions?
Spot is a tokenized stock — a certificate backed 1:1 by the underlying share held with a regulated custodian, tickered as Base + B (e.g. MUB/USDT), fractional, no expiry, no leverage. Perpetual is a derivative contract tickered as Base + USDT (e.g. MUUSDT), settled every 8 hours via funding, leverage available, no shares owned.
Do tokenized stocks give me voting rights or dividend rights?
No voting rights — a tokenized stock is a certificate, not equity ownership. It tracks price economics and (where applicable) dividend economics, but the token holder does not vote at the underlying company.
Who can access these instruments?
Access is restricted by jurisdiction and unavailable to US, UK and European residents. Eligibility should be confirmed before opening an account.
Does continuous trading mean I can always get a good fill?
No. Continuous access is not continuous liquidity. Spreads widen outside the base-market cash session because the underlying market isn’t setting a price, and a large order into a thinner book will cross that wider spread. At leverage the same percentage move becomes a materially larger dollar move against the account.
Bottom line
Twenty-three of forty-three positions finished positive from listing price, with a median of +4.9% across the full sample. The winners are heavily weighted toward memory and semiconductors — Micron, SanDisk, Intel — with a broader spread of positive outcomes across large-cap tech, ETFs and gold. Any of these positions can be inspected, backtested and traded on the GT dashboard, both as tokenized spot (where available) and as perpetuals.