![The Surprising Studio Ghibli Film That Influenced Netflix’s Train Dreams [Exclusive] – Yahoo](https://earth-news.info/wp-content/uploads/2025/11/326397-the-surprising-studio-ghibli-film-that-influenced-netflixs-train-dreams-exclusive-yahoo-360x180.jpg)
The Australian Securities Exchange (ASX), Australia’s primary securities exchange, is expected to list the first spot Bitcoin exchange-traded funds (ETFs) on its main board by the end of 2024, Bloomberg reported today, citing anonymous sources close to the matter.
As a key player in Australia’s capital markets, ASX handles about 80% of equity trading, said Bloomberg. Issuers like VanEck and BetaShares are lining up for listings on the exchange.
Justin Arzadon, head of digital assets at BetaShares, told Bloomberg that the US massive inflows “prove digital assets are here to stay.” He added that the company has secured ASX tickers for spot Bitcoin and spot Ethereum ETFs.
Arzadon said ASX is their preferred listing venue. However, he also noted one major concern for ASX is to ensure secure custody of the underlying Bitcoin assets for these ETFs.
DigitalX, an Australia-based technology and investment company, also announced in its semi-annual results that it had submitted an ETF application. VanEck, already offering similar ETFs in the US and Europe, resubmitted an application in February, Bloomberg noted.
An ASX spokesperson mentioned ongoing discussions with multiple issuers interested in launching crypto asset-based ETFs but did not confirm a specific timeline.
The anticipated approval follows the US and Hong Kong’s lead. US spot Bitcoin ETFs have amassed $53 billion this year, with BlackRock and Fidelity Investments among the issuers. Meanwhile, direct investment funds in Bitcoin and Ether are set to start trading in Hong Kong on Tuesday.
Another driving force behind the move is Australia’s $2.3 trillion pension market, which could significantly contribute to ETF inflows.
Approximately a quarter of the country’s retirement assets are in self-managed superannuation programs, which could become key investors in spot-crypto funds, Jamie Hannah, VanEck Australia’s deputy head of investments and capital markets told Bloomberg.
Hannah believes that with the combined interest from self-managed super funds, brokers, financial advisers, and platform money, the ETF could reach a substantial size.
DigitalX CEO Lisa Wade suggested that Australians could allocate up to 10% of their portfolios to cryptos, citing their potential as “financial rails.”
Previous attempts and challenges
This is not the first attempt at launching Bitcoin ETFs in Australia. Two such ETFs debuted on CBOE Australia in 2022 but one was delisted.
Global X 21Shares Bitcoin ETF is currently the only spot Bitcoin ETF in the country. Issued by 21Shares and Global X ETFs (formerly known as ETF Securities) in 2022, the fund now holds about $62 million in assets.
Cosmos Asset Management also launched a spot Bitcoin ETF that year but delisted it due to low inflows.
Monochrome Asset Management, led by former Binance Australia CEO Jeff Yew, has applied to launch another ETF on CBOE Australia.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoBriefing – https://cryptobriefing.com/bitcoin-spot-etf-approval-australia/
