Digital Income Fund –
Bitcoin Index Class

A strategy that provides investors with direct exposure to Bitcoin and aims to add an additional 5% p.a. gross yield on top of Bitcoin's AUD price.

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Overview

Investment Strategy

The Digital Income Fund – Bitcoin Index Class (the Fund) (for wholesale investors) provides investors direct exposure to Bitcoin – the world’s most recognised and widely traded digital asset.

The Fund invests directly in Bitcoin, with all assets held under institutional-grade custody via Fireblocks, one of the world’s leading digital-asset security platforms.

The objective is to deliver returns that track the price of Bitcoin, while targeting an additional 5% per annum gross yield above Bitcoin’s AUD price. It’s a simple way for investors to participate in Bitcoin’s growth through a secure and professionally managed fund.

Why invest:

  • Direct Bitcoin exposure – provides investors with access to Bitcoin, the world’s most recognised and widely traded digital asset.
  • Institutional-grade structure – invest in Bitcoin through a professionally managed, regulated Australian unit trust, without the need to manage digital wallets, private keys, or passwords.
  • Efficient access – priced and reported in Australian dollars, offering a familiar and transparent investment experience.
  • Strong performance track record – since inception (May 2021) to 31 October 2025, the Fund has delivered 21.66% p.a.*
  • Expert team – DAFM has 30 professionals with decades of high-frequency trading and quantitative research experience.

*Past performance is not an indicator of future performance. 

Fund Profile

Style Passive
Benchmark Bitcoin price in Australian dollars
Investment timeframe +3 years recommended

Investment Manager 

Digital Asset Funds Management (DAFM) is the investment manager of the Fund. The DAFM team is a global group of 30 experienced financial market and technology professionals, including traders, researchers, and software engineers, located in Sydney, Bordeaux, Edinburgh, São Paulo, and Wellington.

About the fund See all videos

 

The Digital Income Fund: Bitcoin Index Class

Roger Montgomery and DAFM Founder and Director Clint Maddock discuss the Digital Income Fund – Bitcoin Index Class, which offers wholesale investors direct Bitcoin exposure through a secure, professionally managed Australian unit trust. The Fund targets returns above Bitcoin’s price and provides a simple, regulated way to access Bitcoin without the complexity of wallets or private keys – ideal for investors comfortable with higher volatility.

 

Meet the DAFM team

Roger Montgomery introduces DAFM Founders Clint Maddock and Mike Gilbert, who share their extensive trading experience and the firm’s disciplined, risk-first approach. The video highlights the team’s expertise, philosophy, and commitment to bringing institutional-grade precision to digital-asset investing.

Performance

Comparative Returns Since Inception (01/05/2021) to 31/10/2025 (After all fees)

PERFORMANCE CHART
FUND PERFORMANCE
MONTHLY PERFORMANCE
[["Date","Bitcoin Index Class (AUD)","Bitcoin Spot Price (AUD)"],["Apr-2021",100000,100000],["May-2021",62600,64510.6],["Jun-2021",61000,62424.94],["Jul-2021",74300,75743.62],["Aug-2021",85400,86336.23],["Sep-2021",80500,81100.1],["Oct-2021",110900,109222.77],["Nov-2021",107300,107517.69],["Dec-2021",85700,85201.39],["Jan-2022",73300,73010.12],["Feb-2022",77300,79617.69],["Mar-2022",82700,81126.74],["Apr-2022",73900,70901.8],["May-2022",61000,59291.41],["Jun-2022",39800,38483],["Jul-2022",48600,44742.97],["Aug-2022",42700,39116.53],["Sep-2022",43800,40424.41],["Oct-2022",45900,42879.1],["Nov-2022",37200,34285.41],["Dec-2022",36200,32633.43],["Jan-2023",47200,43925.93],["Feb-2023",49600,45912.25],["Mar-2023",59800,56890.22],["Apr-2023",62500,59248.13],["May-2023",59000,56257.95],["Jun-2023",64200,61258.14],["Jul-2023",61300,58028.09],["Aug-2023",56800,53592.04],["Sep-2023",59100,56120.03],["Oct-2023",76400,73256.35],["Nov-2023",79900,76149.3],["Dec-2023",85800,82983.99],["Jan-2024",90200,86181.85],["Feb-2024",135400,125748.86],["Mar-2024",154900,146345.53],["Apr-2024",131100,124854.61],["May-2024",144900,135808.71],["Jun-2024",127800,125402.52],["Jul-2024",140700,132423.57],["Aug-2024",123400,116618.37],["Sep-2024",131100,122122.43],["Oct-2024",152800,143346.51],["Nov-2024",220300,198077.82],["Dec-2024",222600,200986.7],["Jan-2025",242200,219624.45],["Feb-2025",200700,181866],["Mar-2025",194700,177216.42],["Apr-2025",219600,197002.42],["May-2025",242400,217653.08],["Jun-2025",244200,218791.81],["Jul-2025",261600,240520.3],["Aug-2025",238500,221272.69],["Sep-2025",250300,230392.74],["Oct-2025",241600,223897],["",null,null]]

Past performance is not an indicator of future performance.

The information on this website has been prepared by Digital Asset Funds Management Pty Ltd ACN 645 472 813 (DAFM), authorised representative number CAR No. 001285765 of Quay Wholesale Fund Services Pty Ltd ACN 647 044 602 (Quay), holder of Australian financial services licence 528526. Quay is the Trustee of the Digital Income Fund. DAFM is the Digital Income Fund’s Investment Manager.

Any information or advice provided on this website is general in nature and has been prepared without taking into account your individual objectives, financial situation or needs. Before acting on any information or advice on this website, you should consider the appropriateness of the information and advice having regard to your particular circumstances.

This website is intended solely for “wholesale clients” as defined under the Corporations Act 2001(Cth). If you do not meet this definition, you should not rely on any information contained on this site.

Before acquiring any financial product referred to on this website, you should read the relevant offer document and any other disclosure documents in full. You should also seek independent financial advice prior to deciding to invest in, or continuing to hold, any financial product.

* All investments, including those managed by DAFM and Quay, involve risk which can lead to no or lower than expected returns, or a loss of part or all of your capital. Past performance of any product described on this site is not a reliable indication of future performance.

Most Recent Unit Price*

Fund performance

141.62%
Digital Income Fund – Bitcoin Index Class
115.29%
Bitcoin price (AUD)
26.33%
Out/Under Performance
  Digital Income Fund – Bitcoin Index Class Bitcoin price (AUD) Out/Under Performance
1 month -3.47% -2.82% -0.65%
3 months -7.65% -6.91% -0.74%
6 months 10.04% 13.65% -3.61%
Year to date 8.53% 11.40% -2.87%
12 months 58.08% 56.19% 1.89%
3 years (p.a.) 141.60% 123.90% 17.70%
Annual return since inception 21.66% 19.60% 2.06%
Total return since inception 141.62% 115.29% 26.33%

Past performance is not an indicator of future performance.

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2021 - - - - -37.17% -2.55% 21.69% 14.98% -5.71% 37.73% -3.23% -20.19% -14.39%
2022 -14.39% 5.41% 7.02% -10.70% -17.37% -34.73% 22.04% -12.14% 2.65% 4.69% -18.94% -2.80% -57.78%
2023 30.49% 5.19% 20.51% 4.44% -5.54% 8.70% -4.51% -7.20% 3.98% 29.20% 4.55% 7.41% 137.15%
2024 5.11% 50.22% 14.38% -15.35% 10.50% -11.81% 10.14% -12.27% 6.21% 16.58% 44.12% 1.07% 159.56%
2025 8.81% -17.16% -2.95% 12.75% 10.42% 0.71% 7.15% -8.84% 4.95% -3.47%     8.53%

Past performance is not an indicator of future performance.

Investment Team

Digital Asset Funds Management was founded in 2021 by Ark International Group, an established high-frequency trading firm that has experience in trading assets in traditional financial markets since 2012.

The co-founders, Clint Maddock and Mike Gilbert, are high-frequency trading experts, each with over two decades of experience in trading complex derivative products.
DAFM has an exceptional global team of around 30 professionals located in Sydney, Bordeaux, Edinburgh, São Paulo, and Wellington.

Meet our people

Clint Maddock

Founder and Director
Read Bio +

Mike Gilbert

Founder and Director
Read Bio +

HOW TO INVEST

After accessing and reading through the Information Memorandum for the Digital Income Fund – Bitcoin Index Class:

1

Complete the online application form and ID verification online on the Olivia123 platform (approx. 10 minutes)

2

Submit the completed application form online to the Administrator

3

Transfer the funds and an investment confirmation will be issued directly by the Administrator

If you wish to make an additional investment (top-up) an existing investment in the Digital Income Fund – Bitcoin Index Class, please see the instructions here.

Not ready to invest yet?

Download the fund information pack or if you would prefer to talk it over, call David Buckland or Rhodri Taylor on 02 8046 5000 to discuss the Bitcoin Index Class in more detail.

Want to invest in your personal super instead?

Our partnership with industry-leading superannuation provider, netwealth, can help.

INSIGHTS Subscribe to insights

October 9, 2025

All parties must end

By Roger Montgomery

Markets sit at elevated levels, fuelled by optimism around artificial intelligence and the promise of lasting productivity gains. Yet beneath the excitement lies a complex mix of valuations, momentum, and risk – raising important questions about how investors can stay positioned if sentiment shifts.
October 2, 2025

The crypto treasury frenzy

By Roger Montgomery

This U. S. summer, a new investment frenzy – akin to the SPAC (Special Purpose Acquisition Company) exuberance of 2020/21 – has gripped Wall Street as companies transform their balance sheets into crypto vaults. And as September unfolds, the corporate dash into cryptocurrencies shows no signs of slowing.
September 11, 2025

Ausbiz – Bitcoin gains ground in mainstream strategy

By Roger Montgomery

  I joined Ausbiz with Clint Maddock, Founder and Director at Digital Asset Funds Management – our newest partner, an Australian investment manager specialising in digital asset markets – to discuss the growing role of digital assets like Bitcoin in investment portfolios.
August 25, 2025

DAFM' Digital Income Class is a valuable portfolio diversifier

By David Buckland

In today’s volatile and uncertain market environment, many investors are looking beyond the traditional 60/40 portfolio of equities and fixed income to generate reliable returns. There is growing interest in alternative investment strategies that can offer consistent income, lower volatility, and diversification from traditional asset classes.

HAVE MORE QUESTIONS?

Frequently Asked Questions

  • 1. Is this Fund suitable for me?

    The Fund has a 3+ years recommended investment timeframe for wholesale clients.

    Investment in the Fund can only be made by persons who are wholesale clients as defined in Section 761G and Section 761GA of the Corporations Act. View wholesale client definition

    Before investing, you should consider your financial situation, investment objectives, risk tolerance and seek professional advice if necessary. The Fund is offered under an Information Memorandum and is a unit trust that is not registered with ASIC as a managed investment scheme.

  • 2. What is the Fund’s investment objective?

    The Fund aims to provide direct exposure to Bitcoin and aims to deliver up to 5% p.a. gross over standard Bitcoin returns in Australian dollars. 

  • 3. What is the minimum initial investment?

    The minimum initial investment for wholesale investors is $100,000. The minimum additional investment for existing investors is $10,000. 

    Additional investments are accepted every month and will be processed on the first business day of each month (provided an application and application monies are received by 4pm on the last business day of the preceding month.)

  • 4. How often is income paid?

    The Digital Income Fund – Bitcoin Index Class will generally not make income distributions.

  • 5. How can I see my unit balance and investment value online?

    The Fund’s administrator, Ascent Fund Services, has a portal that investors can access to see their balance and download all statements. Once invested, you will be given registration details.

    Access the Ascent Fund Services client log in here.

  • 6. How do I increase my holding?

    To increase your holding, existing investors can make additional investments starting from a minimum of $10,000.

    Please complete the online application form to proceed.

  • 7. How do I redeem my funds?

    Units can be redeemed by submitting a written request via email to the administrator, Ascent Fund Services at: DigitalAssetTA@ascentfunds.sg

    Redemptions are processed monthly. A minimum of 15 business days’ written notice is required prior to the applicable redemption date. Redemption dates occur on the last business day of each month, and proceeds are typically paid within 10 to 15 business days of the following month.

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