Australia’s main stock exchange to get second spot Bitcoin ETF
Blockchain-focused asset manager DigitalX has received regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF), which will become the second Bitcoin ETF to trade on the Australian Securities Exchange (ASX).
The DigitalX Bitcoin ( BTC ) ETF will be listed under the ticker BTXX on July 12 at 10 am local time, the firm revealed in a July 8 X post.
The approval to list BTXX was described as a “watershed moment” by its CEO, Lisa Wade.
“The DigitalX Bitcoin ETF is a spot ETF product that provides ASX customers with direct access to Bitcoin via a regulated and liquid fund structure,” she said.
“It is exciting to see the growth and development of the digital assets markets reflected in this approval” in Australia, added DigitalX’s Chair Toby Hicks.
DigitalX Bitcoin partnered with investment management firm K2 Asset Management to act as the responsible entity and issuer of the spot Bitcoin ETF.
DigitalX will also work with cryptocurrency-focused investment firm 3iQ to promote and distribute the product across Australia and internationally.
Related: Bitcoin ETFs make 26% of BlackRock's 2024 inflows, 56% of Fidelity’s
It comes a little over three weeks after the ASX approved VanEck’s spot Bitcoin ETF on June 15, which commenced trading on June 20 local time.
The VanEck Bitcoin ETF (VBTC) closed its first trading day with $1.3 million in volume — far below the $450 million daily average seen by the nine United States spot Bitcoin ETFs across their first ten trading days.
Australian fund manager Betashares is also pursuing a Bitcoin ETF on the ASX, according to an April report from Bloomberg.
Magazine: Polkadot’s Indy 500 driver Conor Daly: ‘My dad holds DOT, how mad is that?’
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sam Altman’s Worldcoin has started using eye-scanning kiosks in several UK cities
Sony’s Layer-2 Blockchain Soneium Unveils Gaming Incubator
XRP Recovers, Cardano Faces Resistance, and BlockDAG’s X1 Miner App Hits 1.5M Users As Early Adoption Skyrockets
XRP sees steady recovery and Cardano stays under pressure, but BlockDAG’s 1.5M active miners may signal a high-growth crypto in the making. Discover why BDAG could become a top 10 crypto by 2025.BlockDAG’s X1 Miner Surpasses 1.5 Million Users as Adoption Surges Pre-LaunchCardano (ADA) Bearish Pattern May Mask Underlying Setup for RecoveryFinal Analysis

BlockDAG’s $0.0018 Price Shakeup: Is This the Best Crypto to Buy in 2025 Before Time Runs Out?
BlockDAG slashes presale price to $0.0018, its lowest since Batch 1. With $290M already raised and a $0.05 launch target, the top crypto to buy in 2025 might just be this one. Offer ends June 13.Back to the Start: Lowest Pricing Since Batch 1 and Possibly the Final TimeWhy $0.05 Is Just the Start: The ROI Case That’s Capturing AttentionScarcity Heats Up as June 13 Deadline NearsFinal Thoughts: A Second Chance That Rarely Comes in Crypto

Trending news
MoreCrypto prices
More








