ETFs

Australia’s first Bitcoin ETF to debut on ASX

Published

7 months ago

on

Australia is set to launch its first Bitcoin exchange-traded fund (ETF) through VanEck on the Australian Securities Exchange (ASX) on June 20, offering investors a new way to engage with the cryptocurrency.

The ETF will provide direct exposure to Bitcoin, a move that reflects the growing acceptance of digital currencies in the traditional financial sector globally.

This product aims to provide a secure and regulated investment option, addressing common concerns regarding the volatility and security of cryptocurrency investments.

Following the successful introduction of the Bitcoin and Ether ETFs on the CBOE in 2022, VanEck’s Bitcoin ETF represents a cautious but progressive step in the integration of digital assets into the Australian financial ecosystem.

The approval of the spot ETF in Australia follows the launch of 11 spot Bitcoin ETFs in the United States earlier this year.

The US SEC continued this positive momentum last month by approving the sale of spot Ether ETFs in the US.

Unlike derivatives-based crypto ETFs, this spot Bitcoin ETF will hold real Bitcoins, thereby connecting traditional financial markets with the booming crypto industry.

Source

Related Topics:

Leave a Reply

Your email address will not be published. Required fields are marked *

Información básica sobre protección de datos Ver más

  • Responsable: Miguel Mamador.
  • Finalidad:  Moderar los comentarios.
  • Legitimación:  Por consentimiento del interesado.
  • Destinatarios y encargados de tratamiento:  No se ceden o comunican datos a terceros para prestar este servicio. El Titular ha contratado los servicios de alojamiento web a Banahosting que actúa como encargado de tratamiento.
  • Derechos: Acceder, rectificar y suprimir los datos.
  • Información Adicional: Puede consultar la información detallada en la Política de Privacidad.

Trending

Exit mobile version