September 2024 has brought exciting updates for the TerraMatris Crypto Hedge Fund. We saw another month of solid growth, with the fund's total value reaching $3,907.51, marking a 6.93% increase compared to the previous month.
This impressive growth moves us closer to our $4,000 target—a goal we had aimed to achieve in August. While we didn’t quite hit that mark last month, we’re pleased with the progress made in September.
Bitcoin (BTC) also had a positive month, gaining +8.92% during September, which has helped boost our overall fund performance.
Shift to Aggressive ETH Cash-Secured Put Selling
One major shift this month has been our pivot to a more aggressive strategy of cash-secured put selling on Ethereum (ETH). This change has generated daily premiums exceeding $20 for the main fund. This move aligns with our focus on generating consistent, daily income while maintaining a careful eye on market volatility.
Fund Performance
As of September, our year-to-date (YTD) fund performance is up 894%, a truly remarkable achievement. While the crypto market remains unpredictable, we’re confident that our strategic shifts, including more aggressive put selling and risk management, will continue to deliver strong results.
For those looking to join our journey, you can invest in TerraMatris through the Raydium Liquidity Pool by swapping USDC for TerraM tokens. Make sure to use a Solana-powered wallet to get started.