Australian Securities Exchange | Launch of Bitcoin ETFs

Australia’s largest stock exchange, the Australian Securities Exchange (ASX), is reportedly set to approve several spot Bitcoin exchange-traded funds (ETFs) by the end of 2024.

Following the lead of fund issuers in the United States and Hong Kong, VanEck Australia and local ETF-focused fund manager BetaShares are expected to have their applications approved, according to anonymous sources cited by Bloomberg.

Australian Securities Exchange: Confidence in Launch of Bitcoin Spot ETFs

ASX, which manages about 80% of local trades in Australia and boasts a domestic market capitalization of $2.7 trillion as of March 2024, is seen as a key platform for the introduction of…

Read more on bitcoinnews

24.6K Reads