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DigitalX Limited ( (AU:DCC) ) has issued an update.
DigitalX Limited has announced the winding up of its DigitalX Fund and Real World Asset Tokenisation Fund due to low revenue generation. The DigitalX Fund, which has provided a 377.4% return since its launch in 2018, will be closed to reduce cash burn and refocus on higher revenue-generating units, while the Real World Asset Tokenisation Fund, which failed to attract investors, will also be wound down. This strategic shift allows DigitalX to reallocate resources into more profitable areas, though it will not impact their growing spot Bitcoin ETF. The changes reflect an adaptation to market conditions and a focus on more lucrative digital asset opportunities.
More about DigitalX Limited
DigitalX Limited is a prominent Australian digital investment manager and the only ASX-listed crypto fund manager. With a history spanning over ten years in the digital asset sector, the company has established a strong track record in digital asset management, offering products such as Australia’s first ASX-listed spot Bitcoin ETF and actively managed crypto funds. Their primary clients are domestic individual wholesale investors and family offices.
YTD Price Performance: 50.0%
Average Trading Volume: 57,556
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $49.63M
See more data about DCC stock on TipRanks’ Stock Analysis page.
