The Australian Securities Exchange (ASX) has approved its first spot bitcoin exchange-traded fund (ETF), issued by VanEck. This ETF will allow Australian investors to gain exposure to bitcoin through the VanEck Bitcoin Trust, a US-listed ETF. This marks a significant development in the Australian financial market.
VanEck’s bitcoin ETF, set to launch on June 20, promises to be the lowest cost bitcoin ETF in Australia. This approval comes shortly after Monochrome Asset Management’s bitcoin ETF gained approval on the Cboe Australia exchange, highlighting the increasing acceptance of cryptocurrency investment products in the region.
Australian Securities Exchange (ASX) Approves First Spot Bitcoin ETF for VanEck
