DigitalX Reports Strong Performance and Explores New Opportunities Beyond Bitcoin and Ethereum

Jan 12, 2024

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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