DigitalX (ASX:DCC) launches bitcoin fund

Company News

by Ortenzia Borre

DigitalX (ASX:DCC) has announced the establishment of its second asset management product – the DigitalX Bitcoin Fund.

The bitcoin fund is available through a standard unlisted fund structure to allow sophisticated investors including family offices and high net worth individuals a low-cost and familiar vehicle to gain exposure to this growing asset class.

The opening of the fund will additionally provide DigitalX investors with further exposure to upside in the price of bitcoin.

DigitalX has been involved in the bitcoin ecosystem since 2014 when it first commenced its mining operations, prior to expanding those services into bitcoin trading and a deeper understanding and development of the blockchain technology.

DigitalX has also been a holder of bitcoin since 2013 as previously disclosed to the Australian Securities Exchange (ASX).

Shares in DigitalX are trading 6.9 per cent higher at 3 cents.