Australia’s leading stock exchange, the Australian Securities Exchange (ASX), has approved its second spot Bitcoin ETF, set to trade under the ticker BTXX on July 12. DigitalX, a blockchain-focused asset manager, announced the listing, marking a significant milestone for the Australian digital asset market. This approval follows the recent launch of VanEck’s spot Bitcoin ETF in June. DigitalX CEO Lisa Wade expressed excitement about delivering this investment opportunity.
Despite market challenges, including selloffs from the German government and BTC repayments from Mt. Gox, Bitcoin’s value is currently $57,490.45, showing signs of recovery. Spot Bitcoin ETFs provide a simpler investment route for traders without directly owning Bitcoin. The wave of spot BTC ETF approvals was led by the U.S. SEC, inspiring other countries to follow suit. Australia’s first BTC ETF, the 21Shares Bitcoin ETF, launched in April 2022 and is available on the Cboe Australia exchange.
Read the full article on Reuters to learn more about this exciting development.
