Australia's DigitalX has announced significant cost reductions, achieving a 99% annual gain in its Bitcoin fund. The company cut $950,000 (US$614,000) in costs through restructuring, while its Bitcoin fund has shown impressive performance, outpacing rivals with 12% gains over the last six months and 30% over three years. DigitalX's Digital Asset Fund recorded returns of over 526% over five years, despite a slight decline in the past quarter. The recent uptick in crypto investments is attributed to favorable regulatory conditions in the U.S., following major market developments, including the approval of spot Bitcoin and Ethereum ETFs. DigitalX offers a Bitcoin Fund for wholesale investors and a Bitcoin ETF (BTXX) for retail investors. The firm seeks to maintain a cautious, client-focused approach amid challenges in raising funds, emphasizing opportunities presented by the evolving political climate that could enhance regulatory clarity.

Source 🔗