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
Meme Coins Price Prediction: Dogecoin, Shiba Inu, and Pepe regain bullish momentumMeme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are regaining momentum, driven by increased capital inflows in the derivatives markets.
Author  FXStreet
6 hours ago
Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are regaining momentum, driven by increased capital inflows in the derivatives markets.
placeholder
Bitcoin, crypto market remain neutral despite Federal Reserve cutting rates by 25bpsBitcoin (BTC) and a majority of top tokens in the cryptocurrency market held steady on Wednesday, despite the Federal Reserve's (Fed) decision to lower interest rates by 25 basis points (bps), according to market expectations.
Author  FXStreet
10 hours ago
Bitcoin (BTC) and a majority of top tokens in the cryptocurrency market held steady on Wednesday, despite the Federal Reserve's (Fed) decision to lower interest rates by 25 basis points (bps), according to market expectations.
placeholder
Bitcoin could rally alongside S&P 500 if Fed cut ratesBitcoin (BTC) could be poised for a price surge following its positive correlation with the S&P 500, as market participants anticipate a 25-basis-point rate cut from the Federal Reserve on Wednesday.
Author  FXStreet
Yesterday 03: 46
Bitcoin (BTC) could be poised for a price surge following its positive correlation with the S&P 500, as market participants anticipate a 25-basis-point rate cut from the Federal Reserve on Wednesday.
placeholder
Top 3 Price Prediction: BTC steadies, ETH finds support, XRP breaks bullish pattern Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) hover around key levels after recovering by nearly 4%, 7%, and 6%, respectively, last week.
Author  FXStreet
Sep 15, Mon
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) hover around key levels after recovering by nearly 4%, 7%, and 6%, respectively, last week.
placeholder
Bitcoin Decouples From Gold, But Long-Term Correlation IntactData shows the digital gold narrative may be in danger on the short term as Bitcoin has diverged from Gold in its 30-day Correlation.
Author  Bitcoinist
Sep 12, Fri
Data shows the digital gold narrative may be in danger on the short term as Bitcoin has diverged from Gold in its 30-day Correlation.