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Australian crypto fund manager DigitalX is slashing costs and reveals its Bitcoin fund has an annual return of 99%

Australian crypto fund manager DigitalX is slashing costs and reveals its Bitcoin fund has an annual return of 99%

CointimeCointime2024/11/15 07:11
By:Cointime

On November 15th, Australian cryptocurrency fund management company DigitalX announced plans to position itself as a "flagship" for digital assets, preparing for the "mainstream moment" of the cryptocurrency industry after major breakthroughs and global political changes (especially in the United States). DigitalX stated on Thursday that it is significantly reducing operating costs and reducing annual costs by $950,000 ($614,000) by restructuring its fund management team.

At the same time, its Bitcoin fund has an annual return rate of up to 99%. The company acknowledges that despite its strong performance, it still faces challenges in raising management funds and points out that the potential investor market is relatively small compared to traditional investment products.

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