DigitalX Bitcoin ETF (BTXX)

Objective

The Fund provides investors exposure to Bitcoin through an ETF listed on the ASX.

Inception

July 2024

Management fees & costs

  • 0.49% per annum

Liquidity

Daily (exchange traded)

About the Fund

The Fund aims to deliver a return that tracks the performance of the price of Bitcoin (before fees and expenses). The return of the Fund will be calculated by reference to the CME CF Bitcoin Reference Rate (BRR).

The Fund’s investment strategy is to hold substantially all of its assets in long-term holdings of Bitcoin to achieve the investment objective.

The Fund is intended to be a passive holder of Bitcoin and will not buy and sell Bitcoin other than to facilitate redemptions and creations of Bitcoin Interests.

About the Manager

DigitalX Asset Management Pty Ltd (DXAM) is the investment manager of three investment products that provide qualified investors with highly secure and streamlined access to digital assets.

DXAM was established in 2018 and is a wholly owned subsidiary of DigitalX Limited (ASX: DCC), a leading ASX-listed digital investment management company focused on growing the blockchain economy through its digital assets funds management business, digital fintech and regtech products, and blockchain ventures.

DigitalX Bitcoin ETF Fund Factsheet

Buy on major brokerage platforms
DigitalX Bitcoin ETF (BTXX)
DigitalX Asset Management makes no representations, warranties, endorsements, or recommendations regarding any broker, adviser, or other financial intermediary, nor are we affiliated with these entities. Ask such entities or persons about any conflicts of interest that may influence such entities or persons to recommend DigitalX Bitcoin ETF over another investment. By clicking the links above you are leaving digitalx.com and visiting a third-party website. DigitalX Asset Management (AUS) Limited is not responsible for the contents of third-party websites. BTXX may be available for purchase at other platforms, and may be excluded from the platforms listed above.

Why invest in the DigitalX Bitcoin ETF?

Experienced Manager

Bitcoin and other digital assets are a new and novel form of technology. This means that purchasing and storing Bitcoin can be complex, due to issues like exchange quality, cybersecurity, custody and loss of private keys. DigitalX is Australia’s most experienced, and only ASX-listed digital asset investment manager, and we are experts in navigating the operational risks that come with buying and storing Bitcoin.

Component 1-1

Domestic market access and convenience

You can easily gain exposure to Bitcoin that may not be present in your current investment portfolio. This can be completed without you needing to establish personal Bitcoin accounts and storage solutions.

Component 1-2

ASX-listed

You will be able to buy and sell Bitcoin Interests on the ASX market and benefit from CHESS settlement and reporting.

Overview DigitalX Bitcoin ETF

Trading Details
Product Information
Pricing Information
Management and Administration
CME Benchmark Information

Trading Details

Ticker
BTXX
Bloomberg Code
BTXX AU Equity
ISIN
AU0000340655
Trading Hours
10:00am-4:00pm

Product Information

Inception Date
12 July 2024
Management Fees and Costs
0.49% per annum (inc GST and RITC)
Currency Hedged
No
Domicile
Australia
Legal Form
Managed Investment Scheme
SMSF Eligible
Yes

Pricing Information

CME CF Bitcoin Real Time Index (BRTI) ($A)
95,926.83 information icon
iNav
21.51 information icon
PCF File
As of the close of the previous trading day
NAV/Unit (A$)
21.59
Units Outstanding
30,387
Net Asset Value (A$)
656,121
Bitcoin Entitlement (per unit)
0.000223

Management and Administration

Issuer
K2 Asset Management Ltd
Investment Manager
DigitalX Asset Management
Custodian
Coinbase Custody Trust Company, LLC
Unit Registry
Automic Group
Administrator
Apex Group
Auditor
KPMG

CME Benchmark Information

As of the close of the previous trading day
CME CF Bitcoin Reference Rate (BRR) (A$)
96,610.97
CF Benchmarks Ltd index data is used under license as a source of information for certain DigitalX products. CF Benchmarks Ltd, its licensors and agents have no other connection to DigitalX products and services and do not sponsor, endorse, recommend or promote any DigitalX products or services. CF benchmarks its licensors and agents have no obligation or liability in connection with the Digitalx products and services. CF Benchmarks its licensors and agents do not guarantee the accuracy and/or the completeness of any index licensed to DigitalX and shall not have any liability for any errors, omissions, or interruptions therein.
Documents
08 July 2024 DigitalX Bitcoin ETF PDS
Download
08 July 2024 Target Market Determination
Download

FAQs

Can’t find the answer you’re looking for? Reach out to our team.

  • What is the purpose of a Bitcoin ETF?

    Bitcoin and other digital assets are new and novel forms of technology. This means that purchasing and storing Bitcoin can be risky at times, due to issues like exchange quality, cybersecurity, custody and loss of private keys. DigitalX is Australia’s most experienced, and only ASX-listed digital asset investment manager, and we are experts in navigating the operational risks that come along with buying and storing Bitcoin.

    BTXX provides direct exposure to Bitcoin, with DigitalX’s experience and management. Retail investors can buy BTXX using their everyday brokerage account.

  • How does the Fund store Bitcoin?

    The Fund aims to hold at least 80% of its digital currency in cold storage. This means that the private key shards are held in an offline digital hardware storage device that is stored in physical vaults in geographically diverse locations, and where each vault is secured by multiple levels of physical and biometric security. This means that private keys are not held in full until there is a transaction signing where the key is reconstituted. While these arrangements are intended to minimise the risk of the private keys being lost, destroyed or stolen, there is no guarantee that these events will not occur.

  • Where does the Fund store its Bitcoin?

    The Fund’s assets are held in custody with Coinbase Custody Trust Company LLC and also in the Coinbase trading account. The Fund will be trading Bitcoin with the Coinbase trading account (in relation to creations and redemptions of Bitcoin Interests) on behalf of the Fund. Coinbase is licensed by the State of New York as a qualified custodian of digital assets and provide segregated and auditable custody accounts. Coinbase is subjected to the same capital reserve requirements and compliance standards of a traditional financial institution that is regulated as a New York State Trust Company. Coinbase maintains SOC 1 Type II and SOC 2 Type II audits by Deloitte & Touche. The Fund will aim to keep at least 80% of its Bitcoin holdings in cold storage. The Responsible Entity may use other custodians for the Fund’s Bitcoin if it deems it prudent to mitigate risk.

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