CryptoBitcoinDigitalX Launches Bitcoin ETF on Australian Securities Exchange

DigitalX Launches Bitcoin ETF on Australian Securities Exchange

The Australian Securities Exchange (ASX) has welcomed a new bitcoin exchange-traded fund (ETF) with the introduction of DigitalX’s Bitcoin ETF, trading under the ticker “BTXX.”

This ETF is issued in collaboration with K2 Asset Management and 3iQ, a Canadian digital assets company known for launching some of the first crypto ETFs in Toronto in 2021.

Lisa Wade, CEO of DigitalX, expressed the significance of this development in a press release. “Offering the DigitalX Bitcoin ETF to the Australian market is a watershed moment for DigitalX, and for the Australian digital asset investment market overall. Enabling Australians to invest in Bitcoin in a secure and affordable manner, without having to manage digital wallets, will be a game changer,” she said.

This launch follows closely on the heels of VanEck’s introduction of a bitcoin ETF on the ASX, which mirrors the company’s U.S.-listed equivalent.

In the U.S., bitcoin ETFs have seen substantial success, with total net inflows exceeding $15 billion since their inception.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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