TechFlow news, November 15 — According to Decrypt, Australian cryptocurrency fund management firm DigitalX announced that its Bitcoin fund delivered a 99% return over the past year, outperforming comparable competitors. The company also plans to reduce annual operating costs by 950,000 Australian dollars (approximately USD 614,000) through restructuring its fund management team.
Despite a 2.1% decline in the previous quarter, the firm's digital asset fund has achieved a cumulative five-year return of over 526%. DigitalX currently offers two Bitcoin investment products: a Bitcoin fund for institutional investors and a Bitcoin ETF (BTXX) for retail investors. Since its listing on the Australian Securities Exchange (ASX) in July, BTXX's unit price has risen from AUD 20 to AUD 31.09.
