The Market Roundup: Week of September 19
It’s been a wild week in the financial markets after the Fed announced a 75 bps rate hike last week and gave hawkish guidance for the foreseeable futures. Once again it seems there aren’t markets anymore, there is only the Fed. The fund performed as we wanted it to last week: boring, consistent returns. We should have our best month since March and look to continue to build off it. The ETH Fund continues to perform significantly better than expected as our ETH on ETH returns for September are above 2%, more detail below. We have some great news on the personnel front, we have hired a new VP of Engineering, Charles Morris.