Traditional Australian investors have gotten a new alternative for investing in the bitcoin and cryptocurrency markets. A publicly listed firm has launched a fund focusing on the field. Additionally, Digitalx has created a new educational video platform about cryptocurrency.
Digitalx InvestmentsDigitalx Ltd (ASX: DCC), has launched a new crypto-assets investment fund that will focus primarily on leading cryptocurrencies while allowing diversification with regulated ICO tokens, crypto derivatives, fiat, and managed schemes. Ellerston Capital veteran Tim Davies has been appointed as portfolio manager.
To create the fund, DigitalX pitched in $750,000 from its bitcoin and ethereum holdings, and will hold a 73% stake as the investment advisor. It seems that investors were quite happy with the new direction Digitalx has taken, as in response to the news the company’s share price jumped as high as 27% during trading on Tuesday at ASX (Australian Securities Exchange).
“We believe cryptocurrencies are under-researched by mainstream asset managers and there is an opportunity to leverage our expertise in Blockchain technology and crypto-asset investment to create value for our clients,” DigitalX managing director Leigh Travers said.
Read more:
https://news.bitcoin.com/australias-digitalx-launches-cryptocurrency-investment-fund/
