April Digital Asset Market Overview

DigitalX Limited (ASX:DCC) provided its April update on funds under management and digital asset holdings. The DigitalX Bitcoin Fund decreased by 8.8%, and the DigitalX Fund by 13.8%. Despite Bitcoin's halving, geopolitical tensions and inflation fears affected market sentiment. US-based spot Bitcoin ETFs saw a decline in assets under management, while Hong Kong approved spot Bitcoin and Ethereum ETFs.

The SEC delayed the approval timeline for spot Ethereum ETFs, causing uncertainty. DigitalX CEO, Lisa Wade, remains optimistic about the market's long-term outlook but acknowledges the challenges. Real-world asset tokenization gained traction. Despite underperformance in Altcoins, Bitcoin's dominance remained strong. DigitalX reported its holdings and historical fund performance. The company continues to position itself for the evolving digital asset landscape.

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