Australia’s<\/a> largest stock market, the Australian Securities Exchange (ASX), approved listing the first Bitcoin exchange<\/a>-traded fund (ETF) on its platform on June 20. The issuer will be VanEck, and the instrument will be dubbed the VanEck Bitcoin ETF (VBTC).<\/p>\n BREAKING: \ud83c\udde6\ud83c\uddfa Australia\u2019s largest stock exchange, ASX has approved its first spot #Bitcoin<\/a> ETF. pic.twitter.com\/M4kApaqfhW<\/a><\/p>\n \u2014 Bitcoin Magazine (@BitcoinMagazine) June 17, 2024<\/a><\/p>\n The decision of the leading Australian stock exchange came after the success of Bitcoin ETFs in the United States, where 11 such instruments have been listed since January<\/a>. Hong Kong also launched Bitcoin ETFs following the US.<\/p>\n Arian Neiron, CEO and Managing Director at VanEck Asia Pacific, said, “The demand for access to Bitcoin via a listed vehicle traded on ASX has been increasing, and many of our clients have told us that their clients are already positioned to have an allocation ready to invest.”<\/p>\n Australia already had spot Bitcoin ETFs, and the first to debut in Australia was the Global X 21 Shares Bitcoin ETF (EBTC), which launched in April 2022. Most recently, the Monochrome Bitcoin ETF (IBTC) was approved and began trading on June 4<\/a> on Australia’s second-largest stock exchange, the Cboe Australia exchange.<\/p>\n