DigitalX, a Perth-based fund manager, has announced significant cost reductions by restructuring its funds management team, resulting in annualized cost savings of $950,000. Despite the restructuring, the company's Bitcoin fund has posted annual gains of 99%, outperforming its competitors over various timeframes. The Digital Asset Fund has also shown strong returns of over 526% over five years, although it experienced a slight decline of 2.1% in the past quarter. The crypto industry has seen significant gains this year, with Bitcoin rising by 106% to $87,500. DigitalX offers two Bitcoin investment products, a Bitcoin Fund for wholesale investors and a Bitcoin ETF for retail investors. The company's ETF provides direct Bitcoin exposure without US intermediary exposure, which could protect Australian investors from US regulatory developments. The DigitalX ETF has seen its unit price rise from $20 at launch to $31.09. The company anticipates regulatory changes in the US following the recent presidential victory and believes it could create opportunities for the company and its investors.



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