March 28, 2024

Australia plans to launch Bitcoin ETF this year

Australia plans to launch Bitcoin ETF this year

The Australian Stock Exchange (ASX) may launch the country's first crypto ETF by the end of the year.

According to informationBusiness Insider Australia, ASX is currently reviewing a number of applications to create a Bitcoin ETF based on cryptocurrency.

Although the ASX cannot comment directly on filingslisting, the exchange confirmed that digital assets are now too relevant to continue to ignore. Back in February, ASX officials said they “had no objection in principle” vs Bitcoin ETF.

Crypto ETF Will Let Australians Buy Cartlargest digital coins per transaction in Australian dollars. This will allow ordinary investors to own a currency such as Bitcoin as part of their day-to-day stock portfolio.

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