6 months ago
28
An
exchange-traded fund
investing directly in Bitcoin will list on
Australia
's main
stock market
for the first time, kicking off another wave of such listings after similar products began trading in the US and Hong Kong. Exchange operator ASX, which handles the bulk of the country's stock trading, has approved the VanEck
Bitcoin ETF
which will be listed on Thursday.
"We recognize Bitcoin is an emerging asset class that many advisers and investors want to access," said Arian Neiron, CEO for
VanEck
in the Asia-Pacific region. The listing comes as $58 billion has been amassed by US Bitcoin ETFs that debuted this year.
