DigitalX, an Australian crypto fund manager, has recently announced that it plans to position itself as a “flag bearer” for digital assets, preparing for what it sees as the crypto industry’s “mainstream moment.” This comes after major breakthroughs and global political shifts, particularly in the U.S.
The company has recently undergone significant cost reductions for its operations, cutting $950,000 (US$614,000) in annualized costs through restructuring its funds management team. Despite this, DigitalX’s Bitcoin fund has posted 99% in yearly gains, outpacing its rivals across multiple timeframes.
The company’s Digital Asset Fund has also shown returns of over 526% over five years, despite a slight decline of 2.1% in the past quarter. DigitalX offers two separate Bitcoin investment products: a Bitcoin Fund for wholesale investors and a Bitcoin ETF (BTXX) for retail investors. Both products are designed to provide exposure to the asset through different structures and access methods.
With the crypto industry experiencing significant year-to-date gains, and the U.S. potentially moving towards definitive regulations impacting digital assets, DigitalX is positioning itself to take advantage of the growing mainstream acceptance of cryptocurrencies. Original source: [insert link]
