Ep 31 / ETF Outflows Test the Portfolio After Bitcoin’s Record Run

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The portfolio closed at $1,722.54, up $83.47, or 5.09%. The key test was whether the strategy could keep progressing after the market’s first major pullback from record levels.

Market context

From Mar 14–21, Bitcoin fell from roughly $71,365 to $65,485, while Ethereum declined from around $3,880 to $3,492. The post-record pullback coincided with spot-Bitcoin-ETF outflows and heavy GBTC redemptions.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, so the weekly result is retained as the documented total.

TerraM was recorded around $0.86, separately from portfolio NAV.

See the Performance journal for the wider series.

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