DigitalX, an Australian consulting service and asset management company, announced on November 13 the creation of its own independent Bitcoin fund, the launch of which raised $1.9 million.
The launch of the Bitcoin fund
It is reported that the fund will be available through an unregistered structure, which will allow investors to access the Bitcoin market using a “familiar and inexpensive investment tool."
The purpose of the fund is to rapidly increase the funds under its management.
DigitalX currently owns 431 Bitcoins. It is known that to launch the BTC fund, the organization will use 215 of its own Bitcoins.
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- Cryptocurrency news has shown DigitalX has been involved in the Bitcoin industry since 2014, and this is the first time the company has started its Bitcoin miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details business.