Australian crypto fund manager DigitalX is slashing costs and reveals its Bitcoin fund has an annual return of 99%
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.
You may also like
CandyBomb x IR: Trade to share 600,000 IR
CandyBomb x THQ: Trade futures to share 133,333 THQ!
[Initial listing] Bitget to list Theoriq (THQ). Grab a share of 3,016,600 THQ
CandyBomb x VSN: Trade VSN, XRP or SOL to share 2,931,200 VSN
