- The Australian stock exchange ASX may list spot Bitcoin ETFs on the platform before the end of 2024, according to a report by Bloomberg.
- Multiple issuers, including VanEck, BetaShares, and DigitalX, have already submitted applications to launch exchange-traded funds.
It has been revealed that the Australian stock exchange ASX will allow the trading of spot Bitcoin ETFs on its platform until the end of 2024, as per sources familiar with the matter, as reported by Bloomberg.
Journalists have further reported that several issuers, including VanEck and local companies BetaShares and DigitalX, filed applications for a Bitcoin ETF at the beginning of this year.
Bloomberg also highlighted that these applications were submitted in response to the significant increase in funds under management by ETF issuers in the United States, which reached $53 billion.
An ASX spokesperson has confirmed that the exchange “continues to engage with a number of issuers who are interested in crypto asset ETFs,” although declined to provide further comments on the subject.
In February 2024, we reported on the increased interest in Bitcoin in Australia following the approval of spot ETFs in the United States.
It is worth mentioning that trading of spot ETFs based on Bitcoin and Ethereum will commence in Hong Kong on April 30, 2024.