Vaneck, a global investment firm, has announced the launch of the Vaneck Bitcoin ETF (VBTC), the first Bitcoin exchange-traded-fund on the Australian Securities Exchange (ASX). Set to commence trading on June 20, 2024, the ETF is touted as the most cost-effective Bitcoin fund exposure in Australia. Arian Neiron, Vaneck’s CEO for the Asia-Pacific region, emphasized the growing demand for Bitcoin exposure in Australia and expressed his pleasure at bringing bitcoin to the Australian market as a regulated financial product. This development follows the approval of Bitcoin ETFs by the US SEC earlier this year and the availability of Bitcoin ETNs on several European stock exchanges.
Australian Securities Exchange (ASX) Approved Listing Its First Bitcoin ETF
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