Australia's DigitalX tracks bitcoin slump, shares drop 9%

Digitalx

10/12/2021 01:38

** Shares of Australia's DigitalX Ltd  DCC.AX  drop as much
as 9.3% to A$0.088 after the value of bitcoin  BTC=  plunged
over 5% overnight 
    ** Sentiment is still fragile after cryptocurrency dropped
22% on Saturday; regulatory worries still dog the booming $3
trln industry  urn:newsml:reuters.com:*:nL1N2ST0PP  urn:newsml:reuters.com:*:nL1N2SS2YB 
    ** The blockchain tech co, which is engaged in digital
assets fund management, holds bitcoin and digital assets of
A$54.2 mln ($38.69 mln) as of end-November  urn:newsml:reuters.com:*:nASX76gkQq 
    ** Stock's fall comes despite a rise in funds under
management to A$40.4 mln, as at Nov 30, from A$39 mln a month
ago  urn:newsml:reuters.com:*:nASX2RFvbj 
    ** DigitalX stock up 4.3% this year, as of last close 
    
    ($1 = 1.4008 Australian dollars)
    

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))