{"id":81438,"date":"2024-06-15T03:25:10","date_gmt":"2024-06-15T07:25:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81438"},"modified":"2024-06-15T03:30:15","modified_gmt":"2024-06-15T07:30:15","slug":"australian-securities-exchange-approves-first-spot-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/australian-securities-exchange-approves-first-spot-bitcoin-etf\/","title":{"rendered":"Australian Securities Exchange Approves First Spot Bitcoin ETF"},"content":{"rendered":"\n

The Australian Securities Exchange has approved the VanEck Bitcoin ETF<\/a>, which will begin trading on June 20.<\/p>\n\n\n\n

\"Australian<\/figure>\n\n\n\n

The Australian Securities Exchange (ASX), the third-largest stock exchange in Australia, has authorized the trading of its inaugural spot Bitcoin exchange-traded fund (ETF) on June 20.<\/p>\n\n\n\n

VanEck, an investment firm, will be the issuer of the VanEck Bitcoin ETF (VBTC), a spot Bitcoin ETF.<\/p>\n\n\n\n

It comes mere months after the organization was approved\u00a0to commence trading spot Bitcoin ETFs<\/a>, specifically the VanEck Bitcoin Trust (HODL), in the United States on January 11.<\/p>\n\n\n\n

Arian Neiron, Chief Executive Officer of VanEck in the Asia-Pacific region, reaffirmed that there is a rising desire for Bitcoin exposure in Australia, particularly through a “regulated, transparent, and familiar investment vehicle.”<\/p>\n\n\n\n

\u201cWe recognize Bitcoin is an emerging asset class that many advisers and investors want to access,\u201d Neiron said.<\/p>\n\n\n\n

\u201cVBTC also makes bitcoin more accessible by managing all the back-end complexity. Understanding the technical aspects of acquiring, storing and securing digital assets is no longer necessary,\u201d he added.<\/p>\n\n\n\n

The ASX has approved a spot Bitcoin ETF for the first time; however, there have been two other instances in which Bitcoin ETFs have been launched in Australia within the last two years.<\/p>\n\n\n\n

The Monochrome Bitcoin ETF (IBTC) was recently approved and commenced trading on the Cboe Australia exchange\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the second largest stock exchange in Australia.<\/p>\n\n\n\n

The Monochrome Bitcoin ETF commenced trading on the Cboe Australia exchange upon the market's opening on June 4.<\/p>\n\n\n\n

\"Australian
Source: Julian Fahrer<\/em><\/figcaption><\/figure>\n\n\n\n

Monochrome stated that IBTC's holdings are stored offline in a device that is not connected to the internet and is equipped with a crypto custody solution that complies with “Australian institutional custody regulatory standards.”<\/p>\n\n\n\n

The Global X 21 Shares Bitcoin ETF (EBTC) was the first Bitcoin ETF product to hit the Australian market in April 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Australian Securities Exchange has approved the VanEck Bitcoin ETF, which will begin trading on June 20. The Australian Securities Exchange (ASX), the third-largest stock exchange in Australia, has authorized the trading of its inaugural spot Bitcoin exchange-traded fund (ETF) on June 20. VanEck, an investment firm, will be the issuer of the VanEck Bitcoin […]<\/p>\n","protected":false},"author":56,"featured_media":81440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,83],"tags":[5371,12094,1613,1502],"class_list":["post-81438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-bitcoin-news","tag-bitcoin-2","tag-adoption-2","tag-bitcoin-etf","tag-regulation"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/Australian-Securities-Exchange-Approves-First-Spot-Bitcoin-ETF.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=81438"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/81440"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=81438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=81438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=81438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}