First Bitcoin ETF to list on Australia’s bourse in global wave
Exchange operator ASX Ltd., which handles the bulk of the country’s stock trading, has approved the VanEck Bitcoin ETF which will be listed on Thursday, VanEck said in a press release on Saturday.
“We recognize Bitcoin is an emerging asset class that many advisers and investors want to access,” Arian Neiron, chief executive officer for VanEck in the Asia-Pacific region, said in the statement. The ETF offers exposure to Bitcoin “using a regulated, transparent and familiar investment vehicle,” he said.
The Australia listing comes as $58 billion has been amassed by US Bitcoin ETFs that debuted this year, including offerings from BlackRock Inc. and Fidelity Investments as well as VanEck. Hong Kong permitted spot ETFs for Bitcoin and the Ether token in April, but they have garnered a fraction of the interest of the US vehicles.
Sydney-based BetaShares Holdings Pty and DigitalX Ltd., another local player, are also lining up for listings on the main Australian board. An initial round of Bitcoin ETFs launched in Australia two years ago on CBOE Australia, the country’s junior bourse.
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