Australia’s The Australian Securities Exchange, which is the world’s largest stock exchange (ASX), approved the listing of the second company on its main market. Bitcoin exchangeThe platform offers a wide range of ETFs.
BREAKING: 🇦🇺 Australia’s largest stock exchange has approved its second spot #Bitcoin ETF. pic.twitter.com/SY5vIGEm4a
— Bitcoin Magazine (@BitcoinMagazine) July 9, 2024
The ASX has given the go-ahead to Digital Asset Manager on July 9, 2009. DigitalX to launch a spot Bitcoin ETF. The ticker of the ETF will be BTXX.
Just a few short weeks have passed since the ASX was approved. its first Bitcoin ETF The VanEck Bitcoin exchange traded fund was first listed in June. This follows the successful launch of Bitcoin ETFs across the U.S. in early 2024.
Australia’s Bitcoin ETF market has grown over the last 12 months. The first Bitcoin ETF in Australia, 21Shares Bitcoin ETF(EBTC), was launched on April 20, 2022. It is traded at the Cboe Australia Exchange.
Recently, Monochrome Bitcoin ETF IBTC was launched in June. also began trading Cboe. ASX follows suit, approving its own Bitcoin ETF. VanEck was the first to do so last month.
A growing number of Bitcoin-related investment products are now available on the Australian market, reflecting the interest that investors have in Bitcoin. The number of new Bitcoin investment vehicles on the Australian market reflects the growing interest in Bitcoin exposure.
It is possible to make investments in Bitcoin without the need to own it directly. Most people expect to see more countries approve Bitcoin ETFs, as they gain popularity and the regulatory acceptability expands.
You can help another by approving it. Bitcoin ETFAustralia’s major securities exchange is a good example of a shift towards Bitcoin in one the top markets around the globe.
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Source: bitcoinmagazine.com
