Australian Securities Exchange Gears Up To List Spot Bitcoin ETFs This Year

CoinMarketCap04-29

The Australian Securities Exchange (ASX) is expected to approve for listing this year spot Bitcoin ETFs (exchange-traded funds), Bloomberg reported, citing persons familiar with the matter. Two ...

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T","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITB":"Bitwise Bitcoin ETF","IBIT":"iShares Bitcoin Trust","BITO":"ProShares Bitcoin Strategy ETF","BK4594":"比特币ETF概念","EZBC":"Franklin Bitcoin ETF","BRRR":"Valkyrie Bitcoin Fund","FDN":"First Trust Dow Jones Internet I","BTCW":"WisdomTree Bitcoin Fund","BK4588":"碎股","BTCO":"Invesco Galaxy Bitcoin ETF","BK4550":"红杉资本持仓","BK4141":"半导体产品","BK4526":"热门中概股","FBTC":"Fidelity Wise Origin Bitcoin Fund","ASX":"日月光半导体","GBTC":"Grayscale Bitcoin Trust","BK4585":"ETF&股票定投概念","DEFI":"Hashdex Bitcoin ETF","HODL":"VanEck Bitcoin Trust ETF"},"translate_title":"澳大利亚证券交易所今年准备上市现货比特币交易所交易基金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":1,"HODL":1,"GBTC":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BTCO":1,"ASX":1,"BRRR":1,"BITO":1,"BITB":1,"FDN":0.9},"content_text":"The Australian Securities Exchange (ASX) is expected to approve for listing this year spot Bitcoin ETFs (exchange-traded funds), Bloomberg reported, citing persons familiar with the matter.\nTwo Bitcoin ETF applications have already been submitted, with a third application in progress, the Bloomberg story said.\n\nAustralia is set for a wave of Bitcoin ETF launches this year, following in the footsteps of the US and Hong Kong, as issuers like VanEck and BetaShares line up for listings https://t.co/tVRBCUYonl\n— Bloomberg Crypto (@crypto) April 28, 2024\n\nThe two applications are from VanEck Australia and BetaShares, a local ETF-focused fund manager.\nSpot Bitcoin ETFs in Australia could bring inflows of anywhere from $3 billion to $4 billion within the first three years of approval, Jeff Yew, CEO of fund manager Monochrome, told CoinTelegraph.\nASX is Australia’s dominant stock exchange, accounting for about about 80% of the country’s local trades. As of March, ASX had a domestic market capitalization of $2.7 trillion.\nYew’s Monochrome is also in the race for approval of a spot BTC ETF. It first applied to ASX in July last year, but then switched to the much smaller Cboe Australia.\nBitcoin ETF approvals in Australia would see it following in the foot steps of the US and, more recently, Hong Kong, where Bitcoin and Ethereum ETFs were due to begin trading today, April 29, and to list on the Hong Kong Stock Exchange as soon as Tuesday.\n\n🕒 Good afternoon, April 29, 2024\n📢 Industry News:\nHong Kong's Virtual Asset Spot ETF saw its debut today, set to officially list on the Hong Kong Stock Exchange tomorrow.Australia plans to approve a Bitcoin Spot ETF by year-end.Bitcoin exchange balances hit a six-year low.…\n— Chenge (@LingChennC) April 29, 2024\n\nHong Kong’s approval and imminent launch is a significant development for crypto as it showcases growing adoption. While it’s a smaller market than the US, it is arguably still Asia’s leading financial center.\nAlso Read:\n\nHong Kong Sets Stage for Cryptocurrency Expansion with New ETF Approvals\nChina’s Harvest May Be First Fund Manager To Launch A Spot Bitcoin ETF In Hong Kong Later This Month\nBitcoin ETFs Will Be Lucky To Raise $500M In Tiny Hong Kong Market, Bloomberg ETF Analyst Says\nBitcoin Price Prediction: Bloomberg Analyst Says Hong Kong BTC ETFs Will Be “Lucky To Get $500M” As This Learn-To-Earn Crypto ICO Races Towards $1M\nEthereum Price Prediction: ETH Soars 6% As Hong Kong Approves Ethereum And Bitcoin ETFs And This Learn-To-Earn Crypto Blasts Past $300K","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431852004"}