January 2025 Monthly Market Performance

January: +1.5%
CCi30: +5.7%
12 Months: +27.3%
Since Inception:  +195.1%

Market Update
Bitcoin (BTC) traded within a range of $92,000–$108,000 in January, maintaining strong momentum despite volatility from trade war concerns. Institutional investor participation has grown, increasing BTC’s liquidity and adoption.. BTC gained +9.2%, outperforming the broader crypto market (CCI30 Index: +5.7%). The Radiance Multi-Strategy Fund led with a +13.7% return, while the Portal Digital Fund posted a +1.5% gain.

*Past performance is not an indicator or future performance. Specific risks may affect the possibility of such returns in future.

**This is a targeted return, and may not eventuate.  Specific risks may impact on the possibility of such a return in future

*The current month is an estimate based on the initial reporting of the various funds, subject to change once NAV is crystalised.

JANUARY 2025 PERFORMANCE

January:  +13.7%
12 months: +23.8%
Since Inception: +37.2%
CCi30: +5.7%
Bitcoin Extraction: +17.3%

Market Update

The Radiance Multi-Strategy Fund gained 13.7% in January, outperforming the CCi30 index (+5.7%). Major holdings saw strong performance, with Bitcoin (+9.5%), Solana (+22.3%), ChainLink (+25.3%), and Jupiter (+26.5%), while Ethereum declined (-1.3%).Optimism around altcoins grew due to expected regulatory clarity from the incoming Trump administration and potential altcoin ETFs.The Bitcoin Extraction Strategy (BESt) generated 6.5% Bitcoin income, increasing its BTC holdings by +17.3% as prices rebounded.

Portfolio Allocation