March 11, 2024 [crocon media – msc, bsc] In the rapidly evolving world of digital assets, DigitalX Limited (ASX:DCC, OTCQB: DGGXF) stands out in February 2024 with a performance that not only surpassed market expectations but also set new benchmarks for its funds under management. With Bitcoin and altcoins experiencing significant gains, DigitalX’s strategic positioning and innovative approach have positioned it as a key player in the blockchain economy.
DigitalX’s Bitcoin Fund saw an impressive 47.9% increase, while its DigitalX Fund grew by 36.8%, outpacing the S&P Cryptocurrency Top 10 Equal Weight Index’s 24.1% rise. This remarkable performance is a testament to the company’s adept fund management and deep understanding of the digital asset market dynamics.
February witnessed Bitcoin’s price soaring by almost US$20,000, closing up 43.5% at over US$61,000. This surge was primarily driven by the performance of US-based spot Bitcoin ETFs, which collectively held US$16 billion in assets under management by the month’s end. Altcoins, too, enjoyed robust growth, with Ethereum and Polygon posting significant returns.
Lisa Wade, CEO of DigitalX, attributes the fund’s exceptional performance to the transformative impact of US-based spot Bitcoin ETFs on digital asset markets. The company’s anticipation of Bitcoin surpassing its 2021 highs was realized sooner than expected, signaling a potential for further growth, especially with the upcoming Bitcoin halving event.
DigitalX’s outlook for the digital asset sector is bullish, with expectations of continued growth driven by retail and institutional investments through ETFs. The company is particularly optimistic about the prospects of ETH ETFs and the broader altcoin market, anticipating solid price action and continued rallies.
DigitalX Limited is a pioneering technology and investment company at the forefront of the blockchain economy. Through its diverse portfolio, including digital asset funds management, fintech and regtech products, and blockchain ventures, DigitalX is shaping the future of digital assets and blockchain technology applications. The company’s commitment to compliance and corporate governance is further exemplified by its regtech solution, Drawbridge, enhancing transparency and integrity in corporate practices.
Read the press release : https://www.digitalx.com/asx-announcements-presentations-and-reports/
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