On November 15th, Australian crypto fund manager DigitalX plans to position it as a "standard bearer" for digital assets, preparing for a "mainstream moment" for the crypto industry following major breakthroughs and global political shifts, especially in the United States. DigitalX said on Thursday that the company is slashing operating costs significantly and will reduce annual costs by $950,000 ($614,000) by restructuring the fund management team.
At the same time, its bitcoin fund generates annual returns of up to 99%. The company acknowledges that, despite solid performance, it still faces several challenges in raising managed funds, noting that the market for potential investors is relatively small compared to traditional investment products.
Australian crypto fund manager DigitalX is slashing costs and revealing a 99% annual return on its bitcoin fund.
2024-11-15 06:06:21
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