On June 20, according to Bloomberg, a spokesperson for the Australian Securities Exchange (ASX) said that the company is in discussions with several asset managers who are working on listing their spot Bitcoin (BTC) ETFs. Currently, only one spot BTC ETF from VanEck has been officially launched. However, Australian-based BetaShares Holdings Pty and DigitalX Ltd. have also submitted applications for a spot BTC ETF to the ASX.
Rebecca Sin, senior ETF analyst at Bloomberg, noted that the crypto ETF market in the Asia-Pacific region has huge potential and is expected to surpass $3 billion in the next few years. Sin added that if Australia, Hong Kong and South Korea allow cryptocurrency ETFs to list, the market share in these regions could be evenly distributed.
The Australian Securities Exchange ASX is in talks with a number of companies about listing a spot bitcoin ETF
2024-06-20 02:11:39
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