🚀Australia is prepping for a Bitcoin ETF wave! 🌊 ASX Ltd. is expected to greenlight the first spot Bitcoin ETFs by 2024. This follows the US Bitcoin ETFs' success, amassing a whopping $53 billion this year.
🇦🇺 Sydney-based BetaShares is gearing up to launch a product on the ASX, indicating growing acceptance and longevity for crypto.
📈 Australia's $2.3 trillion pension market could significantly drive these inflows, especially with a quarter of retirement assets in self-managed superannuation programs.
🔮 VanEck, a player in the US and Europe, resubmitted an application in February, suggesting these programs could become spot crypto fund buyers.
🔁 This marks the second wave of spot Bitcoin ETF launches in Australia, following initial listings two years ago.
🤔 What's your take on this? Do you think Bitcoin ETFs are the future of crypto investment? Let's chat in the comments! #BitcoinETF #CryptoNews