Australian securities exchange approves its first spot Bitcoin ETF
The Australian Securities Exchange has approved the VanEck Bitcoin ETF to start trading on June 20.
Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — has approved its first spot Bitcoin exchange-traded fund (ETF), set to commence trading on June 20.
Investment firm VanEck will be the issuer of the spot Bitcoin ETF — the VanEck Bitcoin ETF (VBTC) — according to a VanEck press release shared with Cointelegraph. It comes only months after the firm was approved to start trading spot Bitcoin ETFs, the VanEck Bitcoin Trust (HODL) in the United States on Jan. 11.
Chief executive officer for VanEck in the Asia-Pacific region, Arian Neiron, reiterated that the demand is growing for Bitcoin exposure in Australia, especially through a “regulated, transparent and familiar investment vehicle.”
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Author: Ciaran Lyons
