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DigitalX <a href="https://xpertsstudio.com/bitcoin-hack-drains-us320mil-from-crypto-network/” title=”Bitcoin hack drains US$320mil from crypto network”>Bitcoin Fund (ASX:BTX), operating as the DigitalX Bitcoin ETF under ASX code BTXX, has released its monthly fund factsheet for August 2026, disclosing a net asset value (NAV) of $23.68 per unit as at 31 August 2026, with a cumulative since-inception return of 25.96% and an annualised since-inception return of 11.24%.
Key Points
- NAV per unit stood at $23.68 as at 31 August 2026, with the fund denominated in Australian dollars.
- The fund recorded a cumulative since-inception return of 25.96% and an annualised since-inception return of 11.24%, net of fees, as calculated by DigitalX based on NAVs provided by the fund administrator.
- The fund’s benchmark is the CME CF Bitcoin Reference Rate (BRR), which recorded an annualised since-inception return of 11.84% in Australian dollar terms over the same period.
- The responsible entity is K2 Asset Management Ltd, with KPMG serving as auditor, and the fund has been operating since its inception date of 12 July 2024.
- The management fee is 0.49% per annum, inclusive of GST and RITC, with daily liquidity.
Fund Structure and Custody Arrangements
According to the filing, the DigitalX Bitcoin ETF holds substantially all of its assets in long-term Bitcoin holdings and is intended to operate as a passive holder of Bitcoin. The fund uses Coinbase Custody Trust Company LLC as its custodian, described in the filing as a licensed, institutional-grade custodian regulated in the United States. Bitcoin holdings are maintained in geographically distributed vaults using institutional-grade custody solutions. The filing states that all holdings are held in trust and maintained in segregated accounts, and that the custodian holds SOC 1 and SOC 2 Type II certification with comprehensive insurance coverage, subject to policy terms, limits, and exclusions.
Performance Data as at 31 August 2026
Return data disclosed in the factsheet, calculated net of fees as at 31 August 2026, shows the fund recorded a one-month return of 22.19%, a three-month return of 7.59%, a six-month return of 17.22%, and a one-year return of -34.84%. The corresponding CME CF BRR (AUD) benchmark returns for the same periods were 22.24%, 7.78%, 17.57%, and -34.34% respectively. The filing notes that return data was calculated by DigitalX based on NAVs provided by the fund administrator, and that past performance is not indicative of future performance.
Manager Background and Investment Objective
The filing states that DigitalX Asset Management Pty Ltd was established in 2018 and is a wholly owned subsidiary of DigitalX Limited (ASX: DCC), described as an ASX-listed digital asset investment management company focused on growing the blockchain economy through digital asset funds management, digital fintech and regtech products, and blockchain ventures. The fund’s stated investment objective is to deliver a return that tracks the performance of the price of Bitcoin before fees and expenses, with the return calculated by reference to the CME CF Bitcoin Reference Rate. The filing discloses that the fund’s ISIN is AU0000340655.
Source: kalkine.com.au