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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