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

As a seasoned crypto investor with a keen interest in following market developments Down Under, I’m thrilled to see another bitcoin ETF join the Australian Securities Exchange (ASX) family. DigitalX’s BTXX ETF, issued in partnership with K2 Asset Management and 3iQ, is set to begin trading on Friday.The Australian Securities Exchange (ASX) has recently welcomed another bitcoin (BTC) exchange-traded fund (ETF) into its ranks. DigitalX’s Bitcoin ETF will be identified by the ticker symbol “BTXX” as announced by the firm.

I serve as an analyst, and I’d like to share a piece of information. The Exchange-Traded Fund (ETF) I’m referring to was brought to market in collaboration with K2 Asset Management and Canadian digital asset company 3iQ. These partners were instrumental in launching some of the first crypto ETFs in Toronto back in 2021.

“DigitalX’s introduction of the Bitcoin ETF to the Australian market represents a significant milestone for DigitalX and the broader Australian digital asset investment scene, according to Lisa Wade, CEO of DigitalX. This new opportunity allows Australians to invest in Bitcoin in a safe and cost-effective way without the need to handle digital wallets personally, making it an exciting development.”

A new ETF is being introduced, following closely on the heels of VanEck’s ASX-listed bitcoin ETF launch. This new ETF mirrors its US counterpart managed by VanEck.

Since their launch, U.S. bitcoin ETFs have amassed a grand total of over $15 billion in investments.

2024-07-09 09:31

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

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