DigitalX (ASX:DCC), a key player in blockchain and digital assets, reported notable growth in its funds for October 2024. The DigitalX Bitcoin Fund increased by 15.9%, and the DigitalX Fund grew by 10.9%, both surpassing the S&P Cryptocurrency Top 10 Equal Weight Index's 3.4% rise.
DigitalX (ASX:DCC) reported strong performance in its digital asset funds, with significant growth outpacing key indices. The company managed funds valued at AUD 44.0 million and digital assets worth AUD 39.3 million by October 2024. Strategic positioning aims to leverage anticipated regulatory changes in the US. The DigitalX Fund is fully invested in high-conviction positions to benefit from regulatory clarity. DigitalX continues to focus on its blockchain economy growth through asset management, fintech, and regtech solutions like Drawbridge. The company maintains its commitment to providing accessible digital asset investment options.
The company's actively managed DigitalX Fund has achieved an annualized return of 19.3% since inception, while the passive DigitalX Bitcoin Fund has delivered an annualized return of 56.3%. This performance positions us well to capitalize on changes in the regulatory landscape for digital assets.