Key Takeaways:
- Australia’s ASX has approved DigitalX’s Bitcoin ETF, trading as “BTXX,” starting Friday.
- The ETF enables Australian investors to invest in Bitcoin without managing digital wallets.
- This ETF is a collaboration between DigitalX, K2 Asset Management, and Canada’s 3iQ, a pioneer in crypto ETFs.
Australia’s ASX has approved the launch of DigitalX’s Bitcoin ETF, trading under the ticker “BTXX,” starting Friday.
This marks a significant development for Australian investors, as it allows them to invest in Bitcoin without managing digital wallets.
🎉🎉 DigitalX Limited is pleased to announce thats its DigitalX Bitcoin ETF (ASX: BTXX) will be admitted to quotation and commence trading on the ASX as of Friday, 12 July 2024 at 10:00AM AEST.@DigiXCEO, Lisa Wade said: "We are pleased to now be able to deliver and offer this… pic.twitter.com/iZqt09rFtV
— DigitalX Ltd (@DigitalXLtd) July 8, 2024
The ETF is a collaboration between DigitalX, K2 Asset Management, and Canada’s 3iQ, a pioneer in crypto ETFs.
Australia's DigitalX to launch spot bitcoin ETFs on ASX https://t.co/PVus0nSf3u pic.twitter.com/aQgkJjlXOV
— Reuters (@Reuters) July 9, 2024
This launch follows the recent introduction of VanEck’s Bitcoin ETF on the ASX, reflecting the growing interest in Bitcoin ETFs, which have attracted over $15 billion in net inflows in the U.S. since their inception.
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