Bitcoin

<ul><li>ASX aims to list its inaugural spot bitcoin ETFs by 2024, with VanEck among the early applicants.</li><li>Australia&#39;s top equity exchange, ASX, manages 80% of local trades and has a domestic market value of $2.7 trillion.</li><li>There&#39;s a global surge in demand for spot crypto ETFs, with the U.S. amassing $53.16B in net assets.</li></ul>Australia&#39;s ASX Ltd. is expected to approve the country&#39;s first spot-Bitcoin ETFs for the main board by the end of 2024, According to <a href="https://www.bloomberg.com/news/articles/2024-04-28/bitcoin-btc-etf-bandwagon-heads-to-australia-after-53-billion-haul-in-us" rel="noopener noreferrer nofollow">Bloomberg</a>. BetaShares, DigitalX Ltd., and VanEck are attempting to list their products on the ASX. BetaShares intends to introduce a product in Sydney, and DigitalX has applied it to its half-year results. VanEck, recognized for comparable ETFs in the United States and Europe, has also resubmitted an application.Justin Arzadon, <a href="https://www.betashares.com.au/insights/bitcoin-etfs-win-sec-approval/" rel="noopener noreferrer nofollow">BetaShares</a>&#39; head of digital assets, noted that the U.S. cash infusion supports digital asset demand. The business has secured ASX tickers for spot Bitcoin and Ethereum ETFs, indicating its commitment to growing its digital asset services.<a href="https://cryptotale.org/bitcoin-fever-grips-investors-as-sec-approves-spot-btc-etf/" rel="noopener noreferrer nofollow">The U.S. Securities</a> and Exchange Commission (SEC) has authorized the first-ever spot Bitcoin exchange-traded fund (ETF), signaling a watershed moment in Bitcoin&#39;s evolution as a viable investment.  Spot crypto ETFs were established in the United States in January, with 11 funds gathering $53.16 billion in combined net assets. The decision enables a wider variety of investors to participate in the bitcoin market through a more known, accessible, and regulated vehicle, ETF.<a href="https://cryptotale.org/asx-set-to-spearhead-crypto-etf-revolution-in-australia/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

ASX Set to Spearhead Crypto ETF Revolution in Australia

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