Bitcoin ETF Bandwagon Heads to Australia After $53 Billion Haul in US
- Australia’s top exchange expected to approve the ETFs in 2024
- Self-managed pension assets could flow into the new products
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Australia is set for a wave of Bitcoin exchange-traded fund launches, following in the footsteps of the US and Hong Kong, as issuers like Van Eck Associates Corp. and BetaShares Holdings Pty line up for listings.
ASX Ltd., which handles around four-fifths of the country’s equity trading, is expected to approve the first spot-Bitcoin ETFs for the main board before the end of 2024, according to people familiar with the matter, who asked not to be identified as the information is private.