Australian securities exchange approves its first spot Bitcoin ETF The Australian Securities Exchange has approved the VanEck Bitcoin ETF to start trading on June 20.Australia’s largest stock exchange, the Australian Securities Exchange (ASX), has approved its first spot Bitcoin exchange-traded fund (ETF), which will commence trading on June 20.Investment firm VanEck will be the issuer of the spot Bitcoin ETF — the VanEck Bitcoin ETF (VBTC) — according to a VanEck press release shared with Cointelegraph. It comes only months after the firm was approved to start trading spot Bitcoin ETFs, the VanEck Bitcoin Trust (HODL), in the United States on Jan. 11.CEO for VanEck in the Asia-Pacific region, Arian Neiron, reiterated that the demand is growing for Bitcoin exposure in Australia, especially through a “regulated, transparent and familiar investment vehicle.”
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The Australian Securities Exchange (ASX) has approved its first spot Bitcoin exchange-traded fund (ETF), which is set to begin trading on June 20, 2024 . The ETF, known as the VanEck Bitcoin ETF (VBTC), will be issued by investment firm VanEck . This approval marks a significant milestone in Australia's cryptocurrency market and provides Australian investors with direct exposure to the price of Bitcoin through a regulated framework