Australian DigitalX is significantly reducing costs and disclosing an annual return rate of 99% for its Bitcoin fund
According to Decrypt, Australian crypto fund management company DigitalX plans to position itself as the "flagship" of digital assets, preparing for the "mainstream moment" of the crypto industry after major breakthroughs and global political shifts, especially in the United States. DigitalX announced on Thursday that the company is significantly reducing operating costs by restructuring its fund management team, resulting in an annual cost reduction of $950000 ($614000). At the same time, its Bitcoin fund has an annual return rate of up to 99%, surpassing its competitors in multiple time periods, with a return rate of 12% within six months and 30% within three years. According to the latest shareholder update of the company, its digital asset fund has returned over 526% over the past five years, despite a slight decline of 2.1% in the previous quarter. The company acknowledges that despite robust performance, it still faces several challenges in raising managed funds and points out that the potential investor market is relatively small compared to traditional investment products.