VanEck’s Spot Bitcoin ETF (VBTC) has been formally listed on the Australian Securities Trade (ASX), Australia’s largest inventory market. The ETF was authorized earlier this week and is now out there for buying and selling, offering Australian buyers with a easy and secure option to put money into Bitcoin.
NEW: Van Eyck location #bitcoin ETF is formally launched on Australia’s largest inventory trade🇦🇺 pic.twitter.com/m0gehtEd70
— Bitcoin Journal (@BitcoinMagazine) June 20, 2024
“ASX welcomes VBTC to the trade!” introduced the Australian Securities Trade. “Congratulations to the VanEck Australia crew for launching the primary crypto ETF on the ASX.”
The Bitcoin ETF launched by VanEck on the ASX supplies a extra handy possibility for buyers preferring conventional inventory exchanges to cryptocurrency exchanges. The ETF has a administration payment of 0.59% and permits buyers to achieve publicity to Bitcoin with out instantly holding BTC, thereby lowering the complexity and danger related to direct possession.
“Whereas Bitcoin might be traded by cryptocurrency exchanges, buying and selling Bitcoin-exposed models by an ETF on an trade just like the ASX means you should purchase and promote the models by a standard brokerage account, streamlining the method and opening up Present alternatives for extra Australians.
Earlier this month, Monochrome Asset Administration’s Bitcoin ETF started buying and selling on the Cboe Australia trade, which has bought greater than 54 Bitcoins value AU$5.3 million to this point.
Monochrome Bitcoin ETF (Ticker: $IBTC) AUM as of 19 Jun 24 pic.twitter.com/TjtHmn0jVF
— Monochrome (@MonochromeAsset) June 20, 2024
