First Spot Bitcoin ETF Making Its Way to Main Australian Stock Exchange

Live Bitcoin News
Updated
Mitrade
coverImg
Source: DepositPhotos

VanEck BTC ETFs will be offered beginning June 20 on the Australian Securities Exchange (ASX), Australia’s largest stock exchange. VanEck also offers its BTC ETFs in the US markets with the US SEC’s blessings. Now, it has received permission from ASIC only a few months later to list on ASX.


Demands for BTC ETFs were rising in Australia as action in the US began months ago. VanEck faced increased inquiries from brokers and advisers about the possibility of an Australian BTC ETF.


Arian Neiron, VanEck’s APAC CEO, stated in a press release from a few months ago, “Since the US SEC ruling, we’ve experienced a significant uptick in queries and requests from the adviser and broker community regarding our submission to ASX to launch a Bitcoin ETF. The demand for access to Bitcoin via a listed vehicle traded on ASX has been increasing, and many of our clients have told us that their clients are already positioned to have an allocation ready to invest.”


In a few days, that will come to fruition. Neiron also mentioned in a release this Saturday that ETFs on ASX will let investors access bitcoin through “a regulated, transparent, and familiar investment vehicle.” He also stated, “VBTC (VanEck BTC) also makes bitcoin more accessible by managing all the back-end complexity. Understanding the technical aspects of acquiring, storing, and securing digital assets is no longer necessary.”


While VanEck will be the first issuer to take its BTC ETFs to ASX, other providers have already offered BTC ETFs on a secondary exchange in the country. Recently, the Monochrome BTC ETF (IBTC) launched on the Cboe Exchange, Australia’s second-largest stock exchange. It went live on June 4. The Global X 21 Shares BTC ETF (EBTC) launched in 2022. DigitalX and BetaShares also plan to offer their ETFs on ASX soon.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Bitcoin hit a new all-time high of $123,400 on Monday after massive ETF inflowsBitcoin broke through $123,000 on Monday, setting a fresh all-time high.
Author  Cryptopolitan
12 hours ago
Bitcoin broke through $123,000 on Monday, setting a fresh all-time high.
placeholder
Forex Today: Trade war risks keep US Dollar afloat, Bitcoin renews ATHBitcoin flirts with a new all-time high near $1,25,000 amid heavily overbought conditions on the daily chart.
Author  FXStreet
14 hours ago
Bitcoin flirts with a new all-time high near $1,25,000 amid heavily overbought conditions on the daily chart.
placeholder
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple –  BTC, ETH exceeds $121K and $3,000, XRP eyes above $3Bitcoin (BTC) extends the gains from Sunday, printing a record high of $121,492 at press time on Monday.
Author  FXStreet
15 hours ago
Bitcoin (BTC) extends the gains from Sunday, printing a record high of $121,492 at press time on Monday.
placeholder
Bitcoin Hits New Highs — But Why Is Retail Interest Lagging Behind Previous Bull Markets?On Monday, July 14, Bitcoin (BTC) continued its multi-year rally, climbing toward the $120,000 mark and setting yet another all-time high.
Author  TradingKey
17 hours ago
On Monday, July 14, Bitcoin (BTC) continued its multi-year rally, climbing toward the $120,000 mark and setting yet another all-time high.
placeholder
Breaking: Bitcoin rallies closer to $120,000 milestone, setting a new highBitcoin (BTC) breaks above the key milestone level on Friday, setting a new all-time high of $119,999, with no signs of slowing.
Author  FXStreet
17 hours ago
Bitcoin (BTC) breaks above the key milestone level on Friday, setting a new all-time high of $119,999, with no signs of slowing.