{"id":233155,"date":"2024-06-17T09:56:42","date_gmt":"2024-06-17T09:56:42","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/17\/australias-largest-stock-exchange-approves-its-first-bitcoin-etf\/"},"modified":"2025-06-25T17:16:54","modified_gmt":"2025-06-25T17:16:54","slug":"australias-largest-stock-exchange-approves-its-first-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/17\/australias-largest-stock-exchange-approves-its-first-bitcoin-etf\/","title":{"rendered":"Australia&#039;s Largest Stock Exchange Approves It&#039;s First Bitcoin ETF"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA2MDc3NTQ1MjM2NDA3MzIy\/aus-bit.jpg\" \/><\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/tags\/australia\">Australia&#8217;s<\/a> largest stock market, the Australian Securities Exchange (ASX), approved listing the first <a href=\"https:\/\/bitcoinmagazine.com\/guides\/best-bitcoin-only-exchanges\">Bitcoin exchange<\/a>-traded fund (ETF) on its platform on June 20. The issuer will be VanEck, and the instrument will be dubbed the VanEck Bitcoin ETF (VBTC).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: \ud83c\udde6\ud83c\uddfa Australia\u2019s largest stock exchange, ASX has approved its first spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF. <a href=\"https:\/\/t.co\/M4kApaqfhW\">pic.twitter.com\/M4kApaqfhW<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1802616567336747487?ref_src=twsrc%5Etfw\">June 17, 2024<\/a><\/p><\/blockquote>\n<p>The decision of the leading Australian stock exchange came after the success of Bitcoin ETFs in the United States, where 11 such instruments have been <a href=\"https:\/\/bitcoinmagazine.com\/markets\/approved-spot-bitcoin-etfs-to-trade-on-us-markets-in-historic-milestone\">listed since January<\/a>. Hong Kong also launched Bitcoin ETFs following the US.<\/p>\n<p>Arian Neiron, CEO and Managing Director at VanEck Asia Pacific, said, &#8220;The demand for access to Bitcoin via a listed vehicle traded on ASX has been increasing, and many of our clients have told us that their clients are already positioned to have an allocation ready to invest.&#8221;<\/p>\n<p>Australia already had spot Bitcoin ETFs, and the first to debut in Australia was the Global X 21 Shares Bitcoin ETF (EBTC), which launched in April 2022. Most recently, the Monochrome Bitcoin ETF (IBTC) was approved and <a href=\"https:\/\/bitcoinmagazine.com\/business\/australias-first-spot-bitcoin-etf-to-begin-trading-tomorrow\">began trading on June 4<\/a> on Australia&#8217;s second-largest stock exchange, the Cboe Australia exchange.<\/p>\n<p>The arrival of a <a href=\"https:\/\/bitcoinmagazine.com\/guides\/what-is-a-bitcoin-etf\">Bitcoin ETF<\/a> on Australia&#8217;s main exchange is a significant milestone. As the country&#8217;s largest stock exchange, the ASX brings greater visibility, credibility, and access to Bitcoin exposure for both institutional and retail investors.<\/p>\n<p>These approvals indicate a growing acceptance and interest in Bitcoin investment products within the Australian market and worldwide, and most countries will likely follow suit.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/australias-largest-stock-exchange-approves-its-first-bitcoin-etf\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Australia&#8217;s largest stock market, the Australian Securities Exchange (ASX), approved listing the first Bitcoin exchange-traded fund (ETF) on its platform on June 20. The<\/p>\n","protected":false},"author":1,"featured_media":233156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/233155"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=233155"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/233155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/233156"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=233155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=233155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=233155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}