September 2024 Monthly Performance

September 2024 Monthly Performance

September 2024 Monthly Performance

SEPTEMBER 2024 PERFORMANCE

SEPTEMBER: +3.8%

CCI 30: +8.6%

12 Months: +61.0%

SINCE INCEPTION:  +189.4%

Market Update
September was another volatile month for the Cryptocurrency and Digital Assets (“Crypto Assets”) markets and continued the choppy conditions we have experienced since April. The first six days of the month were characterized by a significant sell-off, leading to BTC and ETH intra-month losses of 11% and 14%, respectively. A significant rally then ensued over the next two weeks, only to fizzle out with another sell-off into month end. The market as represented by the CCI30 Index was up +8.6% and BTC was up 7.4%. An initial soft estimate for The Portal Digital Fund was up 3.8% whilst the Radiance Multi-Strategy Fund was up 14.4% for September. The market has remained range bound for the past six months. It has traded sideways in a range between $53,000 and $70,000. However, this range has been consolidating with very strong support for BTC at $60,000. We do 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.

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

SEPTEMBER:  +14.4%

CCI 30: +8.6%

2023: +76.5%

SINCE INCEPTION:  +12.46%