Australia Lists Its First Spot Bitcoin ETF

The ASX listed the VanEck Bitcoin ETF on Thursday, making it the exchange's first spot bitcoin ETF. This ETF serves as a feeder fund, providing access to bitcoin by investing in VanEck's U.S.-listed spot bitcoin ETF.

Azcnews Australia Lists Its First Spot Bitcoin Etf

The Australian Securities Exchange (ASX) listed the VanEck Bitcoin Exchange Traded Fund (ETF) on Thursday, marking it as the platform’s first spot bitcoin ETF.

According to VanEck’s website, the VanEck Bitcoin ETF, trading under the ticker VBTC, had net assets totaling approximately AUD 982,850 (USD 655,560) as of Wednesday. VBTC serves as a feeder fund, enabling investors to gain exposure to bitcoin by investing in the VanEck Bitcoin Trust (HODL) listed in the United States.

“While Bitcoin can be traded through cryptocurrency exchanges, gaining exposure to Bitcoin through an ETF on an exchange like ASX allows you to buy and sell these units via a traditional brokerage account, simplifying the process and broadening access for more Australians,” said Andrew Campion, ASX’s General Manager of Investment Products and Strategy, in a statement.


ASX is Australia’s premier stock exchange, handling about 80% of local trades. As of May, ASX had a domestic market capitalization of USD 2.6 trillion, according to its website.

Earlier this year, it was reported that ASX was preparing to list its first bitcoin ETF, noting that several issuers besides VanEck had filed applications. This list includes local issuers BetaShares and DigitalX.

Related: Binance Announces MEW Memecoin Listing on Binance Futures

In addition to ASX, Australia’s second-largest stock exchange, Cboe Australia, approved the Monochrome Bitcoin ETF (IBTC) earlier this month. Australian investors have been trading spot bitcoin ETFs, with Global X 21Shares Bitcoin and Ethereum ETFs listed on Cboe in April 2022.

The United States introduced its first spot cryptocurrency ETF in January. Since then, 11 spot bitcoin ETFs in the U.S. have accumulated total net assets of $56.06 billion, exceeding expectations prior to their launch. Hong Kong also introduced spot ETFs for bitcoin and ether in April, which have amassed over $1.38 billion in total net assets.


  1. Avatar of Ibrahim

    And yes we will see what happens next year for me and my mom will see if you have my mom

Leave a Reply

Your email address will not be published. Required fields are marked *


Binance Announces Listing Of Banana Gun (banana)

News | Altcoin | Editor Choice

Binance Announces Listing of Banana Gun (BANANA)

The Binance exchange has announced the listing of Banana Gun (BANANA), and this is also the first project on the Binance Airdrops Portal!

Azcnews Whales Accumulate Dogecoin Amid Price Recovery

News | Altcoin | Editor Choice

Whales Accumulate Dogecoin Amid Price Recovery

Recently, Dogecoin investors have accumulated over 60 million tokens. Some analysts believe the current price drop is only temporary.

Pixelverse Officially Announces Pixfi Token Airdrop

Editor Choice | Altcoin | News

Pixelverse Officially Announces PIXFI Token Airdrop

The renowned game Pixelverse, which has attracted close to 80 million users, has finally announced an airdrop for the community through PixelTap and the Dashboard.

Azcnews Bitcoin Drops To $64,000 Amid Us Stock Market Plunge

News | Bitcoin | Editor Choice

Bitcoin Drops to $64,000 Amid U.S. Stock Market Plunge

Bitcoin has corrected back below $64,000 as the U.S. stock market experiences a sharp decline.

Claim Dogs Airdrop (update) And Predict Dogs Price

Editor Choice | Airdrops

Get Free Dogs Airdrop (Update) and Predict Dogs Price

Continuing the mission with Dogs on Telegram, participants of the Dogs Airdrop or those who access the platform and connect their TON wallets. Additionally, predict the price of Dogs upon its listing.