How POD works with Deribit
POD funds trade Deribit options and futures through accounts opened in the fund's name. The manager holds trading authority; withdrawals are controlled by the platform. At each valuation point open positions are marked to Deribit's exchange prices and premium, margin and expiry events are carried into the NAV, so options strategies can be valued daily rather than estimated at month-end.
This is what lets a volatility or options-overlay strategy run inside a regulated fund with an independently struck track record, which is what allocators to those strategies ask for first.
