Australian Securities Exchange Gives Green Light to DigitalX's Bitcoin ETF

DigitalX Bitcoin ETF will trade on the ASX as BTXX

AccessTimeIconJul 9, 2024 at 6:15 a.m. UTC
Updated Jul 9, 2024 at 6:21 a.m. UTC
  • Australia's ASX is home to another bitcoin ETF.
  • BTXX will begin trading Friday on the ASX.

The Australian Securities Exchange (ASX) is now home to another bitcoin (BTC) exchange-traded fund (ETF). DigitalX's Bitcoin ETF will trade with the ticker “BTXX” according to a statement from the company.

The ETF is issued in partnership with K2 Asset Management and Canadian digital assets company 3iQ which launched some of the first crypto ETFs in Toronto in 2021.

“Offering the DigitalX Bitcoin ETF to the Australian market is a watershed moment for DigitalX, and for the Australian digital asset investment market overall," Lisa Wade, CEO of DigitalX, said in a press release. "Enabling Australians to invest in Bitcoin in a secure and affordable manner, without having to manage digital wallets, will be a game changer."

The launch of this ETF comes weeks after VanEck launched a bitcoin ETF on the ASX, which tracks the company's U.S.-listed equivalent.

So far, the U.S. bitcoin ETFs have had a total net inflow of over $15 billion since their inception.

Edited by Parikshit Mishra.

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