July 2024 Fund Performance
July 2024 Fund Performance
JULY: -1.1%
CCI 30: -0.8%
12 Months: +59.7%
SINCE INCEPTION: +304.0%
Market Update
The Cryptocurrency and Digital Assets (“Crypto Assets”) markets were very choppy in July, initially falling and then rallying sharply before dropping again to close the month mostly unchanged.
This consolidation must be taken in the context of the strong rally that started in Q4 2023 and continued into Q1 2024. We saw a 70% rally in Bitcoin (BTC) year-to-date (YTD) to the end of March and therefore view the pullback in Q2 as a normal period of consolidation.
The market as represented by the CCI30 Index was up 1.3% and BTC was up 3.1%. An initial soft estimate for The Portal Digital Fund was down -1.5% whilst the Radiance Multi-Strategy Fund was down -3.5% for July.
View PDF July 2024 Performance
View July 2024 Market Commentary
JULY: -3.93%
CCI 30: –0.8%
2023: +76.5%
SINCE INCEPTION: +11.75%
