On January 11, 2024, the portfolio closed at $469.59, up $67.09, or 16.67%, from $402.50.
The notable market story was Ethereum’s strength as the U.S. spot-Bitcoin-ETF approval arrived. The journal records the portfolio result as a total and does not provide a complete split between options income and underlying movement.
Market context
From January 4 to January 11, Bitcoin rose from roughly $44,180 to $46,369, while Ethereum climbed from around $2,269 to $2,620. ETH’s advance coincided with the final approach to U.S. spot-Bitcoin-ETF approval.
TerraM remained around $0.86, separate from the portfolio. See the Performance journal.