July 2025 Monthly Market Performance

July: +4.5%*

CCi30: +17.1%

12 Months: +8.6%

Since Inception:  +178.7%

Performance Update

The Portal Digital Fund soft estimate for the month of July is up 4.5%*, while the CCi30 index was up 17.1%. The Fund’s exposure to uncorrelated or non-directional strategies, such as a systematic Alpha Long Biased strategy and the Radiance Multi-Strategy Fund, offset the lower returns from some of the traditional buy and hold strategies.

Market Commentary

July 2025 proved to be a transformative month for the cryptocurrency market, marked by record-breaking highs, institutional momentum, and regulatory milestones that bolstered investor confidence. Bitcoin achieved a new all-time high early in the month, driven by ETF inflows and policy clarity, while Ethereum outperformed with strong gains fuelled by DeFi resurgence. Altcoins displayed selective strength, with capital rotation toward high-throughput chains and meme coins amid broader market volatility. The passage of the GENIUS Act, surging stablecoin adoption, and advancements in tokenization created a bullish undercurrent, though macroeconomic pressures like tariffs and inflation data introduced caution. 

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