According to PANews, Australia is set to launch a Bitcoin ETF, following in the footsteps of the United States and Hong Kong. Insiders have revealed that the largest securities exchange in Australia, ASX Ltd., is expected to approve the first batch of Bitcoin spot ETFs listed on the main board by the end of 2024. It is reported that ASX handles about three-quarters of Australia's stock trading.
A spokesperson for BetaShares, based in Sydney, stated in an interview that the company is working on launching a cryptocurrency ETF on the Australian Securities Exchange. Justin Arzadon, the head of digital assets at BetaShares, said that the company has reserved ASX stock codes for Bitcoin spot ETFs and Ethereum spot ETFs.
Another local company, DigitalX Ltd., stated in its semi-annual performance report in February this year that it has submitted an application for a Bitcoin ETF. VanEck also resubmitted an application in February this year. A spokesperson for ASX said that the exchange 'continues to engage with some issuers interested in launching crypto ETFs,' but did not confirm a timetable.