DigitalX Limited (ASX:DCC) announces its monthly update, revealing positive growth in its DigitalX Bitcoin Fund (9.0%) and DigitalX Fund (16.3%) for December 2023. Despite trailing the S&P Cryptocurrency Top 10 Equal Weight Index (29.2%), the digital asset market outperformed the All Ordinaries Index and gold. Bitcoin's 64.0% price increase was attributed to the anticipated approval of the first US-based spot Bitcoin ETF.
CEO Lisa Wade remains optimistic about digital assets, citing long-term outperformance against S&P 500 and positive returns over one, two, and three years. DigitalX aims to explore opportunities beyond Bitcoin and Ethereum, focusing on assets adapting to global regulatory frameworks. The recent success of holdings like Solana, up 930% year-to-date, underscores the sector's ongoing potential.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.