Australia's Largest Stock Exchange Approves It's First Bitcoin ETF | CPT PPP Coverage
Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE
200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |
View more Headlines & Breaking News here, as covered by cryptopolytech.com
Australia's Largest Stock Exchange Approves It's First Bitcoin ETF appeared on bitcoinmagazine.com by Vivek Sen.
Australia’s largest stock market, the Australian Securities Exchange (ASX), approved listing the first Bitcoin exchange-traded fund (ETF) on its platform on June 20. The issuer will be VanEck, and the instrument will be dubbed the VanEck Bitcoin ETF (VBTC).
BREAKING: ?? Australia’s largest stock exchange, ASX has approved its first spot #Bitcoin ETF. pic.twitter.com/M4kApaqfhW
— Bitcoin Magazine (@BitcoinMagazine) June 17, 2024
The decision of the leading Australian stock exchange came after the success of Bitcoin ETFs in the United States, where 11 such instruments have been listed since January. Hong Kong also launched Bitcoin ETFs following the US.
Arian Neiron, CEO and Managing Director at VanEck Asia Pacific, said, “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.”
Australia already had spot Bitcoin ETFs, and the first to debut in Australia was the Global X 21 Shares Bitcoin ETF (EBTC), which launched in April 2022. Most recently, the Monochrome Bitcoin ETF (IBTC) was approved and began trading on June 4 on Australia’s second-largest stock exchange, the Cboe Australia exchange.
The arrival of a Bitcoin ETF on Australia’s main exchange is a significant milestone. As the country’s largest stock exchange, the ASX brings greater visibility, credibility, and access to Bitcoin exposure for both institutional and retail investors.
These approvals indicate a growing acceptance and interest in Bitcoin investment products within the Australian market and worldwide, and most countries will likely follow suit.
FEATURED ‘News of the Day’, as reported by public domain newswires.
View ALL Headlines & Breaking News here.
Source Information (if available)
This article originally appeared on bitcoinmagazine.com by Vivek Sen – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.
CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.
First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!