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ASX Approves VanEck's First Spot Bitcoin ETF for Trading in Australia

Jun 15, 2024

ASX Approves VanEck's First Spot Bitcoin ETF for Trading in Australia
ASX Approves VanEck's First Spot Bitcoin ETF for Trading in Australia
ASX Approves VanEck's First Spot Bitcoin ETF for Trading in Australia

The Australian Securities Exchange (ASX) has approved its first spot Bitcoin exchange-traded fund (ETF), marking a significant development in the country's financial markets. Scheduled to commence trading on June 20, the VanEck Bitcoin ETF (VBTC) will be issued by investment firm VanEck. This follows VanEck's recent approval to launch similar products in the United States earlier this year. Arian Neiron, CEO for VanEck in the Asia-Pacific region, emphasised the growing demand for regulated and transparent Bitcoin investment options in Australia, aiming to simplify access to the digital asset without requiring technical expertise in digital asset management.