Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
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%

Cointime2024/11/15 07:11
By: Cointime
BTC-2.67%

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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — YB/USDT!
Bitget Announcement2025/10/16 08:00
YBUSDT now launched for futures trading and trading bots
Bitget Announcement2025/10/15 11:07

Trending news

More
1
New spot margin trading pair — YB/USDT!
2
Exclusive Mystery Boxes for BGB holders group–Win random token incentives!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$107,954.05
-2.91%
Ethereum
Ethereum
ETH
$3,858.69
-2.83%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$1,146.49
-1.25%
XRP
XRP
XRP
$2.3
-4.77%
Solana
Solana
SOL
$182.84
-6.20%
USDC
USDC
USDC
$0.9999
+0.01%
TRON
TRON
TRX
$0.3141
-1.17%
Dogecoin
Dogecoin
DOGE
$0.1860
-5.84%
Cardano
Cardano
ADA
$0.6382
-4.50%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter