October 2024 Montly Performance

OCTOBER: +0.7%

CCi30: +1.0%

12 Months: +47.4%

SINCE INCEPTION:  +154.9%

Market Update

October was a relatively quiet and uneventful month as markets paused for direction ahead of the US election. Crypto Assets markets were generally unsettled, with several rallies and corrections. The market, as represented by the CCi30 Index, was up +1%, whilst BTC was up 7.4%. An initial soft estimate is that The Portal Digital Fund was up 0.7%, while the Radiance Multi-Strategy Fund was down 4.1%.

As stated in the last newsletter: “We expect the market to break-out of this channel to the upside and achieve new sustained all-time highs with further liquidity in the form of interest rate cuts and QE expected.” This happened with conviction as Bitcoin rallied 30% to new all-time highs of $93,000 at the time of writing.

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OCTOBER:  -4.1%

CCI 30: +1.0%

2023: +76.5%

SINCE INCEPTION:  +7.84%