RATE Group | DigitalX Launches Bitcoin Fund Seeded With $1.9M in BTC
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DigitalX Launches Bitcoin Fund Seeded With $1.9M in BTC

13 Nov DigitalX Launches Bitcoin Fund Seeded With $1.9M in BTC

Posted at 09:07h in Bitcoin News by

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Australian crypto firm DigitalX Ltd. is launching a Bitcoin (BTC) fund, seeded with roughly $1.9 million of its own holdings in cryptocurrency.

According to a news release published on Nov. 13, the new fund is offered through an unlisted fund structure to enable investors like family offices and high net worth individuals to gain exposure to the coin via a familiar vehicle. 

Seeded with 215 Bitcoin — roughly $1.9 mln

DigitalX has reportedly been involved in the Bitcoin space since 2014, beginning with mining before evolving to offer trading and other services to the wider blockchain sector.

The Australian Securities Exchange-listed company has offered Initial Coin Offering (ICO) advisory services, blockchain consulting and asset management services.

The announcement indicates that the firm has held Bitcoin since 2013 and currently holds 431 BTC — worth roughly $3.8 million as of press time. 

To establish the fund, DigitalX is seeding 215 BTC — reportedly worth close to $1.9…

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