DigitalX Limited (AU:DCC) has released an update.
DigitalX Limited reported a challenging April for digital assets, with its Bitcoin Fund and Digital X Fund decreasing by 8.8% and 13.8% respectively, amidst a backdrop of geopolitical tensions and inflation fears. The Bitcoin halving event, which reduced mining rewards, coincided with broader market declines, although Hong Kong’s approval of spot Bitcoin and Ethereum ETFs signaled a positive advancement. Despite the setbacks, DigitalX remains optimistic about the medium to long-term market outlook.
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