DigitalX (ASX:DCC) launches bitcoin fund - Sequoia Direct Pty Ltd

13NovNovember 13, 2019

DigitalX (ASX:DCC) launches bitcoin fund

DigitalX (ASX:DCC) has announced the establishment of its second asset management product – the DigitalX Bitcoin Fund.

The bitcoin fund is available through a standard unlisted fund structure to allow sophisticated investors including family offices and high net worth individuals a low-cost and familiar vehicle to gain exposure to this growing asset class.

The opening of the fund will additionally provide DigitalX investors with further exposure to upside in the price of bitcoin.

DigitalX has been involved in the bitcoin ecosystem since 2014 when it first commenced its mining operations, prior to expanding those services into bitcoin trading and a deeper understanding and development of the blockchain technology.

DigitalX has also been a holder of bitcoin since 2013 as previously disclosed to the Australian Securities Exchange (ASX).

Shares in DigitalX are trading 6.9 per cent higher at 3 cents.

Copyright 2019 – Finance News Network

Source: Finance News Network

Related Posts

10AugAugust 10, 2022

Stocks of the Hour: iSelect, Meeka Metals, Mayne Pharma

10 Aug 2022 - A snapshot of the stocks on the move featuring iSelect (ASX:ISU), Meeka Metals (ASX:MEK) and Mayne Pharma Group (ASX: MYX).

20JanJanuary 20, 2020

Kogan (ASX:KGN) achieves record sales

20 Jan 2020 - Diversified online retailer, Kogan.com (ASX:KGN) has recorded the highest half yearly gross sales and gross profit in the company’s history.

20DecDecember 20, 2021

Stocks of the Hour: Rio Tinto, Magellan, Origin Energy, St Barbara

20 Dec 2021 - A snapshot of the stocks on the move featuring Rio Tinto (ASX:RIO), Magellan (ASX:MFG), Origin Energy (ASX:ORG), and St Barbara (ASX:SBM).

21AprApril 21, 2020

Virgin Australia (ASX:VAH) enters voluntary administration

21 Apr 2020 - Virgin Australia (ASX:VAH) has entered voluntary administration but will continue to operate its scheduled international and domestic flights to help essential workers and Australians returning home.

31JulJuly 31, 2020

Super Retail Group (ASX:SUL) revenue jump expected for FY2020 as sales increase

31 Jul 2020 - Super Retail Group (ASX:SUL) expects to report an increase in revenue, earnings and profit for FY2020, with the group reporting sales growth despite the impacts of Covid-19.

21OctOctober 21, 2019

Lynas (ASX:LYC) fourth quarter results hit by US-China trade war

21 Oct 2019 - Rare earth’s miner Lynas (ASX:LYC) says continuing US-China trade tensions, while leading to greater interest in Rare Earths, continue to have a negative short term effect on market confidence, particularly in China.

12AprApril 12, 2021

Clinuvel Pharmaceuticals (ASX:CUV) strategic update fails to boost investor appetite

12 Apr 2021 - Genetic and vascular disorder treatment company Clinuvel Pharmaceuticals (ASX:CUV) released a new strategic update on Monday.

02SepSeptember 2, 2020

Cardinal Resources (ASX:CDV) say Nord Gold has increased their takeover offer

02 Sep 2020 - Cardinal Resources (ASX:CDV) notes that Nordgold have increased the Offer Price in respect of their takeover bid from $0.66 to $0.90 cash per share.

01FebFebruary 1, 2024

Stocks of the Hour: Singular Health Group, Mako Gold, Red Metal

01 Feb 2024 - A snapshot of the stocks on the move, featuring Singular Health Group (ASX:SHG), Mako Gold (ASX:MKG) and Red Metal (ASX:RDM).

28JanJanuary 28, 2020

Bumi Armada Loses Woodside Petroleum (ASX:WPL) FPSO Case

28 Jan 2020 - In a judgment issued on Friday afternoon, the Supreme Court of Western Australia found in favour of Woodside Petroleum (ASX:WPL) and dismissed Bumi’s claim.