First Bitcoin ETF to list on Australia bourse

7 months ago 10

exchange-traded fund

investing directly in Bitcoin will list on

Australia

's main

stock market

for the first time, kicking off another wave of such listings after similar products began trading in the US and Hong Kong. Exchange operator ASX, which handles the bulk of the country's stock trading, has approved the VanEck

Bitcoin ETF

which will be listed on Thursday.

"We recognize Bitcoin is an emerging asset class that many advisers and investors want to access," said Arian Neiron, CEO for

VanEck

in the Asia-Pacific region. The listing comes as $58 billion has been amassed by US Bitcoin ETFs that debuted this year.

Article From: timesofindia.indiatimes.com

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