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First Bitcoin Spot ETF makes its way to Australia's main exchange

VanEck BTC ETFs will be offered from June 20 on the Australian Securities Exchange (ASX), Australia's largest exchange. VanEck also offers its BTC ETFs on US markets with the blessing of the US SEC. Now it has received ASIC approval just months later to list on the ASX.

Demand for BTC ETFs has increased in Australia while action in the United States began months ago. VanEck has faced increasing inquiries from brokers and advisors regarding the possibility of an Australian BTC ETF.

Arian Neiron, CEO of VanEcks APAC, said in a statement Press release from a few months ago, Since the US SEC's decision, we have experienced a significant increase in queries and requests from the advisor and broker community regarding our submission to the ASX to launch a Bitcoin ETF. Demand for access to Bitcoin through an ASX-listed vehicle has increased, and many of our customers have told us that their clients are already able to have an allocation ready to invest.

In a few days this will come to fruition. Neiron also mentioned in a statement released on Saturday that ETFs on ASX will allow investors to access Bitcoin through a regulated, transparent and familiar investment vehicle. He also said: VBTC (VanEck BTC) also makes bitcoin more accessible by handling all the back-end complexity. Understanding the technical aspects of acquiring, storing and securing digital assets is no longer necessary.

While VanEck will be the first issuer to offer its BTC ETFs on the ASX, other providers have already offered BTC ETFs on a secondary exchange in the country. Recently, the Monochrome BTC ETF (IBTC) was launched on the Cboe Exchange, the second largest exchange in Australia. It was posted online on June 4. The Global

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Sources

1/ https://Google.com/

2/ https://www.livebitcoinnews.com/first-spot-bitcoin-etf-making-its-way-to-main-australian-stock-exchange/

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