Australia’s Top Stock Exchange Welcomes VanEck’s Bitcoin ETF, Trading Begins June 20

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Bitcoinist 2w ago

Australia’s Top Stock Exchange Welcomes VanEck’s Bitcoin ETF, Trading Begins June 20 - Bitcoinist

Quick Summary:

The Australian Securities Exchange (ASX), the largest stock exchange in Australia, has recently approved the listing of its first spot Bitcoin exchange-traded fund (ETF). The VanEck Bitcoin ETF (VBTC), which will begin trading on June 20, will be issued by asset management firm VanEck.

According to Bloomberg, aside from VanEck, other players in the Australian market are preparing to introduce their spot-Bitcoin and Ethereum (ETH) funds.

These outflows, the largest since March 22, coincided with a more hawkish than expected Federal Open Market Committee (FOMC) meeting, leading investors to reduce their exposure to fixed-income assets.