{"id":25950,"date":"2024-06-17T09:09:06","date_gmt":"2024-06-17T09:09:06","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/06\/17\/australias-largest-stock-exchange-approves-its-first-bitcoin-etf\/"},"modified":"2024-06-17T09:09:06","modified_gmt":"2024-06-17T09:09:06","slug":"australias-largest-stock-exchange-approves-its-first-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/06\/17\/australias-largest-stock-exchange-approves-its-first-bitcoin-etf\/","title":{"rendered":"Australia’s Largest Stock Exchange Approves It’s First Bitcoin ETF"},"content":{"rendered":"

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

The arrival of a Bitcoin ETF<\/a> on Australia’s main exchange is a significant milestone. As the country’s largest stock exchange, the ASX brings greater visibility, credibility, and access to Bitcoin exposure for both institutional and retail investors.<\/p>\n

These approvals indicate a growing acceptance and interest in Bitcoin investment products within the Australian market and worldwide, and most countries will likely follow suit.<\/p>","protected":false},"excerpt":{"rendered":"

Australia’s largest stock market, the Australian Securities Exchange (ASX), approved listing the first Bitcoin exchange-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). BREAKING: \ud83c\udde6\ud83c\uddfa Australia\u2019s largest stock exchange, ASX has approved its first spot #Bitcoin ETF. pic.twitter.com\/M4kApaqfhW \u2014 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25950","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/25950"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=25950"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/25950\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=25950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=25950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=25950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}