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DIGITALX LIMITED — Interim / Quarterly Report 2024
Aug 20, 2024
64762_rns_2024-08-20_1bd00e99-68ba-4ae6-8909-5196ecae434d.pdf
Interim / Quarterly Report
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ASX ANNOUNCEMENT 21 AUGUST 2024 JULY BITCOIN AND DIGITAL ASSET EXPOSURE
DigitalX Limited ( ASXDCC, OTCQBDGGXF ) (“ DigitalX ˮ, “ the Companyˮ ) provides the following monthly update to shareholders on its funds under management FUMand value of Bitcoin and digital asset holdings as at the end of July 2024 .
The DigitalX Bitcoin Fund increased by 7.5% for the month, at a spot price of US$66,199, while the DigitalX Fund increased by 5.8%, compared to a 1.7% increase for the S&P Cryptocurrency Top 10 Equal Weight Index AUD(“ Index ˮ). Bitcoin outperformed both gold AUD, which increased 6.6% over the month and the All Ordinaries Index, which increased 3.8%.
Bitcoin was volatile in the month of July, ranging from US$54,000 to US$70,000. Much of the strong performance towards the conclusion of the month came after former US president Donald Trump, who has previously shown strong support for Bitcoin, announced a plan to establish a national “ Bitcoin stockpile ˮ if reelected. Trump stated that “ it will be the policy of my administration to keep 100 percent of all Bitcoin the US government currently holds or acquires into the futureˮ. The US Government also holds $12 billion of Bitcoin which could be converted to a strategic Bitcoin reserve if Trump were to win. US-based spot Bitcoin ETFs also achieved a new all-time high in assets under management at over US$62.4 billion, with BlackRock's IBIT Bitcoin ETF representing roughly 36.5% or US$22.8 billion.
The U.S. Securities and Exchange Commission approved the listing of multiple US-based spot Ethereum ETFs during the month, from applicants such as 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck and Invesco. The ETFs began trading on 23 July and, according to Bloomberg, investors traded over US$1 billion worth of shares on the first day of their availability, equating to roughly 20% of the trading volume that the spot Bitcoin ETFs experienced on their launch back in January.
DigitalX Chief Executive Officer, Lisa Wade said:
“It was a positive month for the digital asset market, despite the fact that volatility will be a key feature of our markets for some time, and could even be amplified by all of the new entrants and increasing trading volumes. It was also very pleasing to see the DigitalX Fund in positive territory, as we outperformed the S&P Cryptocurrency Top 10 Equal Weight Index AUDfor the second consecutive month. This came largely as a result of the Funds continued Bitcoin and Ethereum dominance in the portfolio.ˮ
| Performance over time (net of fees) |
Bitcoin Fund | Digital Asset Fund |
S&P Cryptocurrency Top 10 Equal Weight Index AUD |
Outperformance of the Digital Asset Fund relative to the Index |
|---|---|---|---|---|
| July | 1.7% | 4.1% | ||
| 7.5% | 5.8% | |||
| 12Month | 82.4% | 16.9% | ||
| 126.0% | 99.3% | |||
| 2Year | 186.3% | 110.7% | 58.9% | 51.8% |
| 3Year | 77.7% | 21.3% | 17.9% | 39.2% |
For information on the DigitalX digital asset funds please visit www.digitalx.com/funds/
DigitalX Limited | ASXDCC | 59 009 575 035 | Suite 2, Level 4, 66 Kings Park Road West Perth WA 6005 | digitalx.com
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DIGITALX HOLDING AS AT 31 JULY 2024
| $AUD | |
|---|---|
| DigitalX Bitcoin and digital asset holdings1,2 | $36.2m |
FUNDS UNDER MANAGEMENT AS AT 31 JULY 2024
| $AUD | |
|---|---|
| Total funds under management3 | $39.9m |
HISTORICAL FUND PERFORMANCE[4] AS AT 31 JULY 2024
| Performance over time (net of fees) | Bitcoin Fund | DigitalX Fund |
|---|---|---|
| July | 7.5% | 5.8% |
| Year to date (calendar) | 60.7% | 38.3% |
| 3Month | 3.5% | 3.7% |
| 6Month | 54.3% | 38.4% |
| 12Month | 126.0% | 99.3% |
| 2Year | 186.3% | 110.7% |
| 3Year | 77.7% | 21.3% |
| 5Year | N/A | 382.2% |
| Total Return Since Inception | 795.2% | 251.8% |
| Annualised Return Since Inception | 61.3% | 21.2% |
MONTHLY PERFORMANCE COMPARISON FOR THE MONTH OF JULY
| Asset class | Performance % |
|---|---|
| Bitcoin Fund | 7.5% |
| DigitalX Fund | 5.8% |
| S&P Cryptocurrency Top 10 Equal Weight Index AUD | 1.7% |
| Gold5 | 6.6% |
| Equities All Ords)6 | 3.8% |
1 Includes ~114.9 Bitcoin and ~129.0 Ethereum held as corporate treasury and DigitalX’s unit holding in the funds at month end.
2 Excludes cash at bank.
3 All data based on unaudited Net Tangible Asset (NTA) calculations prepared by the fund administrator at 31 July 2024.
4 Past performance is not indicative of future performance.
5 Based on AUD price at 31 July 2024 per https://www.perthmint.com/historical_metal_prices.aspx.
6 Based on closing price of All Ords Price Index per https://www2.asx.com.au/about/market-statistics/historical-market-statistics.
DigitalX Limited | ASXDCC | 59 009 575 035 | Suite 2, Level 4, 66 Kings Park Road West Perth WA 6005 | digitalx.com
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For further information, please contact:
Investor Enquiries Media Enquiries DigitalX Limited Third Hemisphere Lisa Wade Jeremy Liddle Chief Executive Officer Managing Director E [email protected] T61 480 097 479 E DigitalXThirdHemisphere.agency
About DigitalX
DigitalX Limited ASXDCCis a technology and investment company focused on growing the blockchain economy through its digital asset funds management business, digital fintech and regtech products, and blockchain ventures.
DigitalXʼs product team designs and develops blockchain technology applications for business and enterprise organisations.
Through its asset management division, DigitalX provides low-cost traditional asset management products for qualified investors looking to gain exposure to the growing alternative asset class of digital assets, including Bitcoin.
DigitalX is currently commercialising Drawbridge, the Companyʼs first regtech solution which is supporting listed companies to better manage their compliance and corporate governance policies. With Drawbridge, companies can manage employee and director share trading approvals in order to safeguard their reputations.
www.digitalx.com | www.opendrawbridge.io | www.sellmyshares.com.au
DigitalX Limited | ASXDCC | 59 009 575 035 | Suite 2, Level 4, 66 Kings Park Road West Perth WA 6005 | digitalx.com