Australia’s Main Stock Market to List First Spot-Bitcoin ETF
- VanEck Bitcoin ETF to trade on the ASX from Thursday
- Bitcoin ETFs amassed $57 billion in the US this year
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An exchange-traded fund investing directly in Bitcoin will list on Australia’s main stock market for the first time, part of a wave of such launches after similar products began trading in the US and Hong Kong.
Exchange operator ASX Ltd. has approved the VanEck Bitcoin ETF for a Thursday debut, the bourse and the asset manager said. A spokesperson for ASX — which handles the bulk of Australian equity trading — said VanEck is the only applicant with a green light so far and that engagement is ongoing with other issuers.