🚀After the US Securities and Exchange Commission (SEC) approved the first 11 Bitcoin Exchange Traded Funds (ETFs) in the US, Australian consumer interest in Bitcoin has skyrocketed.

🇦🇺This development attracted the attention of Australian investors, 34% were aware of this news. This has increased confidence in Bitcoin, with 25% of Australians having a more positive view following the approval of the ETF.

📈Increase ownership and positive outlook:

- Overall cryptocurrency awareness among Australians increased to an all-time high of 95%, up from 92% in 2022.

- Bitcoin remains the most recognized digital asset, with 93% of respondents aware of it.

- Older generations have changed their views on Bitcoin, with twice as many respondents aged 55 and older as those with unchanged but positive views.

📊Research shows that 19% of respondents would be willing to invest in a Bitcoin ETF if it were available on the Australian Securities Exchange (ASX). Additionally, 34% of respondents with self-managed pension funds (SMSFs) are interested in investing in Bitcoin, either through ETFs or cryptocurrency exchanges.

👥Differences in age affect investment preferences. While 55% of Australians choose cryptocurrency exchanges, 45% prefer ETFs for their convenience.

📅As the wait for Bitcoin halving approaches in April 2024, Australian crypto investors are increasing their investment in BTC, with 41.4% planning to increase their exposure to the digital asset in next year.

🚧Challenges persist despite increased interest:

- Despite an increase in ownership and a change in positive attitudes, the overall outlook is not entirely optimistic.

- The report highlights issues such as price volatility, inadequate consumer protection, and widespread confusion that discourage potential investors from entering the cryptocurrency market.