Australia's First Bitcoin (BTC) Spot ETF Starts Trading Tomorrow
CryptoNewsTerminal Staff03 Jun, 2024
Australia's First Bitcoin (BTC) Spot ETF Starts Trading Tomorrow
Australia's first Bitcoin (BTC) spot exchange-traded fund (ETF) is set to commence trading tomorrow, May 11, 2023, according to a report by Watcher.Guru. Bloomberg had earlier reported on April 29, citing anonymous sources, that the Australian Securities Exchange (ASX) "is set to approve Australia’s first Bitcoin spot ETF by the end of the year". The launch of Australia's first Bitcoin spot ETF is a significant development for the cryptocurrency industry in the country. It will provide investors with a convenient and regulated way to gain exposure to Bitcoin, without having to purchase and store the cryptocurrency themselves. The ETF will be traded under the ticker code "BTCETF" on the ASX.
