COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Australia Approves DigitalX’s Spot Bitcoin ETF Listing on ASX
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Australia Approves DigitalX’s Spot Bitcoin ETF Listing on ASX
Bitcoin (BTC)

Australia Approves DigitalX’s Spot Bitcoin ETF Listing on ASX

In Brief

  • DigitalX received approval to list its spot Bitcoin ETF on the ASX.

  • ASX dominates Australia's stock trading market with 80% of trading volume.

  • DigitalX's ETF will be subject only to Australia's local rules and laws.

COINTURK NEWS
COINTURK NEWS 12 months ago
Share
SHARE

In Australia, a new era has begun for cryptocurrency investors. DigitalX received regulatory approval to list its spot Bitcoin ETF (BTXX) on the ASX. This development signifies a significant step for Australian investors to gain legal and direct access to Bitcoin. BTXX will start trading on the ASX on Thursday.

Contents
ASX Dominates the MarketBTXX and VanEck’s VBTCHistory of Bitcoin ETFs

ASX Dominates the Market

ASX holds a dominant position in Australia’s stock trading market, accounting for about 80% of the country’s trading volume. It is preferred by investors due to its liquidity and broad acceptance compared to its main competitor, Cboe Australia.

To be listed on the ASX, stringent regulatory requirements must be met. These requirements include comprehensive disclosures, financial standards, and compliance with exchange rules. Once these criteria are met, the ETF is officially listed, and public trading begins on the designated date.

BTXX and VanEck’s VBTC

DigitalX’s BTXX differs from VanEck’s VBTC, the first Bitcoin ETF listed on the ASX, which provides exposure to Bitcoin through investments in the VanEck Bitcoin Trust (HODL) listed on the Cboe exchange in the US.

Unlike VanEck’s product, DigitalX’s ETF will only be subject to Australia’s local rules and laws. This will prevent it from being affected by regulatory developments in the US. Australian investors will thus be isolated from US political and regulatory fluctuations impacting Bitcoin funds.

History of Bitcoin ETFs

The history of Bitcoin ETFs in Australia began in April 2021 with the launch of the Global X 2022Shares Bitcoin ETF (EBTC) on Cboe Australia. This product was the first to use a wholesale-retail feeder fund structure in the country. Shortly after, Cosmos Asset Management introduced the Cosmos Purpose Bitcoin Access ETF. However, it was later delisted due to market instability triggered by the collapse of Terra/Luna and significant crypto lenders.

The downturn in the cryptocurrency market temporarily halted the listing of new Bitcoin ETFs in Australia. However, the trend revived this year with Sydney-based Monochrome Asset Management listing its IBTC product on Cboe Australia on June 4. Two weeks later, VanEck’s Bitcoin ETF followed. DigitalX’s listing on the ASX marks a different phase in Australia’s financial markets.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Changpeng Zhao Predicts Bitcoin’s Value Outshining US Homes

Bitcoin Surges Towards New Heights as Market Conditions Stabilize

Dive into Bitcoin’s Future and See What Lies Ahead

Metaplanet Surges Ahead with Bold Bitcoin Accumulation Strategy

Trump Sparks Bitcoin Surge with Potential FED Shakeup

COINTURK NEWS 9 July, 2024 - 8:06 am 9 July, 2024 - 8:06 am
Share This Article
Facebook Twitter
Share
Previous Article BTC Price Faces Challenges from German Government Interventions
Next Article Ethereum ETF Launch Captivates Crypto Market
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

SUI Token Experiences Notable Price Volatility With Strategic Corporate Moves
Altcoin News
Unveil the Spy Drama Linking Crypto Theft to Israeli Intelligence
Cryptocurrency Security
Ethereum Foundation Stirs Excitement with Large ETH Transfers
Ethereum (ETH)
Judge Rejects Joint Request, Keeping Ripple-SEC Legal Tensions Alive
Ripple (XRP)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?