DigitalX, an Australian crypto fund manager, aims to become a leader in digital assets amid a period of growth for the industry. This growth has been spurred by recent regulatory breakthroughs and political shifts, particularly in the U.S. The company has undertaken major cost reductions, cutting $950,000 (US$614,000) a year in costs through restructuring its funds management team.
DigitalX’s Bitcoin fund has posted 99% yearly gains, outpacing its rivals across multiple timeframes, and its Digital Asset Fund has seen returns of over 526% over five years, despite a 2.1% decline 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, each designed to provide exposure to the asset through different structures and access methods.
The company has seen its unit price rise from $20 (US$12.93) at launch to $31.09 ($US20.10) following its listing on the Australian Securities Exchange (ASX). DigitalX expects to benefit from regulatory changes in the U.S. following Donald Trump’s victory, which could create opportunities for the company and its investors.
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<p>The post DigitalX: Crypto Fund Manager Ready for Mainstream Moment first appeared on CoinBuzzFeed.</p>
