The portfolio closed at $3,389.05, up $264.96, or 8.48%. The result stood out because it came while Ethereum absorbed early spot-ETF-launch volatility.
Market context
From Jul 18–25, Bitcoin rose from roughly $63,974 to $65,777, while Ethereum fell from around $3,426 to $3,174. After spot-ETH ETFs began trading on July 23, substantial ETHE outflows were a credible contemporaneous pressure point.
The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a specific premium figure is stated above.
TerraM was recorded around $1.48, separately from portfolio NAV.
See the Performance journal for the wider series.