January Digital Asset Performance Update

DigitalX Limited (ASX:DCC) presents its January 2024 update on Bitcoin and digital asset exposure. The DigitalX Bitcoin Fund rose 4.1%, and the DigitalX Fund increased by 1.3%, outperforming the S&P Cryptocurrency Top 10 Equal Weight Index (AUD) by 1.2%. Despite market stability, Bitcoin experienced intra-month volatility due to the approval of US-based spot Bitcoin ETFs.

DigitalX CEO, Lisa Wade, noted the company's funds ranked top for absolute returns in Australia in 2023. The success is attributed to a focus on larger-cap alts. With assets secured by institutional-grade custodians, DigitalX sees stable long-term foundations in the digital asset sector, anticipating shifts towards regulatory-compliant assets in 2024. As of January 31, 2024, DigitalX holds $23.6m in Bitcoin and digital assets, with total funds under management at $27.5m.

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