Wednesday, June 26, 2024 – The Australian Security Exchanges (ASX) approved on June 20 VanEck Bitcoin ETF to enlist on the Australian main stock market following the VanEck ETF application submission on ASX in February this year. 1
VanEck is the first ETF to invest in Bitcoin in the Australian main stock market, initially funding 985,000 AUD.
It will be the lowest-cost bitcoin ETF in Australia.
“Notwithstanding that crypto investing is a polarizing topic, we recognize Bitcoin is an emerging asset class that many advisers and investors want to access,” Arian Neiron, the chief executive officer for VanEck in the Asia-Pacific region, said. 2
The rest of the local firms, BetaShares Holdings and DigitalX, are also expecting ASX approval.
The venture of securing a VanEck spot on the Bitcoin ETF in Australia embarked on 2021, completing US and advanced regulatory policies in Australia.
Later, the Australian Securities and Investments Commission (ASIC) approved the regulatory nod for VanEck, marking another milestone.
“VanEck can leverage expertise and infrastructure to offer Australian investors a best-in-class cryptocurrency solution,” according to the blog post.
VanEck’s engagement in the US stock market was a great success, with its’ achievement of being the first ETF issuer and spot Bitcoin ETF in 2017 and 2018.
- vaneck.com: https://www.vaneck.com.au/blog/etfs/bitcoin-etf-register-interest/ [↩]
- businesstimes.com: https://www.businesstimes.com.sg/companies-markets/banking-finance/australias-main-stock-market-list-first-spot-bitcoin-etf [↩]
