August 2025 Market Performance
August 2025 Market Performance
August: -1.0%*
CCi30: +3.8%
12 Months: +14.0%
Since Inception: +180.0%
*The current month is an estimate based on the initial reporting of the various funds, subject to change once NAV is crystalised.
Performance Update
The Portal Digital Fund soft estimate for the month of August is down 1.0%*, while the CCi30 index was up 3.8%. The Fund benefitted from its exposure to some of the higher volatility strategies including fundamental long only and other strategies exposed to DeFi yields. Unfortunately, the Fund’s exposure to Bitcoin related strategies underperformed for the month.
Market Commentary
August 2025 capped a high-stakes summer for crypto, with Bitcoin reaffirming its macro-hedge thesis and Ethereum leading new institutional capital flows. Regulatory clarity, evolving ETF structures, and policy breakthroughs have put digital assets at the centre of capital markets conversations. As the market enters September, all eyes will be on U.S. monetary policy, ongoing trade negotiations, and the next volatility cycle set to follow the largest option open interest in nearly two years. caution.
