Key Takeaways:
- VanEck Bitcoin ETF launched on the Australian Securities Exchange (ASX).
- The ETF saw a 1% increase on its debut, closing at A$20.06 with nearly 100,000 shares traded.
- The launch signifies growing demand for cryptocurrency investments in Australia.
The VanEck Bitcoin ETF launched on the Australian Securities Exchange (ASX), marking a significant step in bringing global BTC ETF trends to Australia.
On its debut, the ETF saw a 1% increase from its opening price, closing at A$20.06 ($13.4) with nearly 100,000 shares traded.
The VanEck Bitcoin ETF is live on ASX! Getting bitcoin exposure is as simple as searching for VBTC on your trading platform/brokerage of choice and purchasing units in the VBTC ETF. https://t.co/grfIje1BgF pic.twitter.com/Zg9sy7E2zQ
— VanEck Australia (@vaneck_au) June 20, 2024
This ETF invests in VanEck’s U.S. Bitcoin Trust.
Why VanEck Australia #bitcoin ETF matters:
— matthew sigel, recovering CFA (@matthew_sigel) June 20, 2024
"Funds listed on the ASX can also be traded on Cboe Australia, but the reverse isn't true….VanEck's new Bitcoin ETF will be able to trade on both. This will provide more trading opportunities…and will allow traditional advisors, who…
The launch follows the listing of Monochrome Asset Management’s Bitcoin ETF on the smaller Cboe Australia exchange, which averages about 55,000 units traded daily.
NEW: VanEck's spot #Bitcoin ETF officially went live on Australia's largest stock exchange 🇦🇺 pic.twitter.com/m0gehtEd70
— Bitcoin Magazine (@BitcoinMagazine) June 20, 2024
The introduction of these ETFs reflects growing demand for straightforward cryptocurrency investments in Australia.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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