DigitalX Limited (AU:DCC) has released an update.
DigitalX Limited reported a decrease in its Bitcoin and digital asset funds in June 2024, with the Bitcoin Fund down by 8.9% and the DigitalX Fund by 10.5%, amid a broader downturn in the digital asset market. Despite the decline, the company’s funds outperformed the S&P Cryptocurrency Top 10 Equal Weight Index AUD by 1.9%. Supply shocks, including planned repayments from the defunct Mt. Gox exchange and outflows from US-based spot Bitcoin ETFs, were cited as key factors impacting the market.
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