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Bitcoin Powers Gains as Permanent Portfolio ETF Approaches $25M

BY | ETF Database
10:57 am ET 08/27/26 | 17 VIEWS
Bitcoin exposure has powered early gains in the Porter & Company Porter Portfolio Index ETF (PCPP). The fund has grown to $23.9 million in assets less than three months after its launch, according to ETF Database data.Key Takeaways: PCPP has grown to $23.9 million in assets since its June 2026 launch, fueled largely by bitcoin. Bitcoin returned 30.2% since launch, adding more to performance than any other single holding. Insurance stocks led every sector in the fund, returning 10.5% since inception. Tuttle Capital Management’s fund has pulled in $21.34 million in net inflows since its June 5, 2026 debut. Of that total, $5.14 million arrived in the past month alone. PCPP has returned 4.5% in the past month and 10.3% across three months, ETFDB data show. PCPP is a modern spin on Harry Browne’s 1980s “permanent portfolio.” The strategy is built to hold up in any economic environment by splitting assets evenly across four buckets. Browne’s original version relied on long-term government bonds and gold. PCPP swaps in property and casualty insurance stocks and bitcoin exposure alongside capital-efficient equities and short-term bonds, according to a Tuttle Capital Management launch announcement. See more: Tuttle Capital Launches “Permanent Portfolio”-Focused, Multi-Asset ETF “Harry Browne built the original permanent portfolio in the 1980s based on a simple idea: an investor shouldn’t have to predict the next economic or market cycle in order to survive it,” said Matthew Tuttle, Tuttle Capital Management chief executive. “PCPP takes that idea and updates it for how markets actually work today — with insurance underwriters that compound through cycles, quality businesses that generate cash, hard assets including Bitcoin, and short-duration cash,” he added.Bitcoin and Insurance Stocks Power Early ReturnsBitcoin exposure has been the largest single contributor to those gains. The position returned 30.2% since launch and added 2.07 percentage points to the fund’s overall performance. Gold holdings inside PCPP added a smaller but steady lift, rising 6.3% and contributing 0.39 percentage points, according to VettaFi data. Bitcoin itself has surged in recent weeks after the U.S. Treasury moved to double its monthly bond buybacks from $2 billion to $4 billion. Analysts tied the move to a revived “debasement trade,” in which investors move from cash and bonds into scarce assets, according to Morningstar research. U.S. government debt sits at a record near $40 trillion, adding to those concerns, the report noted. Property and casualty insurance stocks were the fund’s top-contributing sector. Financials returned 10.5% and contributed 2.82 percentage points to the portfolio, more than any other segment, VettaFi attribution data show. Skyward Specialty Insurance Group Inc. (SKWD) and Kinsale Capital Group Inc. (KNSL) led that group. The two insurers returned 26.3% and 26.5%, respectively, per the data, together adding more than two percentage points of contribution. Franco-Nevada Corp. (FNV), a royalty company tied to precious metals mining, anchored the capital-efficient equities sleeve, VettaFi attribution data show. Its 22.5% return made materials the top-performing sector. The position’s modest weighting, though, limited its contribution to 1.37 percentage points. Microsoft Corp. (MSFT) in the technology sector and the Coca-Cola Co. (KO) in consumer staples also added to the gains. The two stocks returned 19.4% and 14.1%, respectively, adding a combined 0.64 percentage points to the fund’s overall performance, according to the data. Johnson & Johnson (JNJ) in healthcare and Union Pacific Corp. (UNP) in industrials also posted gains. The two stocks returned 16.6% and 14.1%, respectively, adding a combined 0.41 percentage points to the fund’s performance, the data show. For more news, information, and analysis, visit the Thematic Investing Content Hub. VettaFi LLC (“VettaFi”) is the index provider for PCPP, for which it receives an index licensing fee. However, PCPP is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of PCPP.

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