#CryptoAussie #BTCETF #ASX #Australia
Sydney, Australia (June 17, 2024): In a landmark decision, the Australian Securities Exchange (ASX) has thrown open its doors to the world of cryptocurrency, approving the very first spot Bitcoin exchange-traded fund (ETF) for listing. This paves the way for VanEck Australia's groundbreaking product, set to debut on June 20th, 2024.
The ASX, a dominant force controlling 90% of Australia's equity market, has long been anticipated to embrace the burgeoning world of crypto. This approval marks a significant step forward, potentially lending significant legitimacy to crypto and associated ETFs within the region.
VanEck Takes the Lead
VanEck, the issuer behind this pioneering ETF, isn't a newcomer to the crypto scene. They boast established spot Bitcoin ETFs in the US and Europe, and plan to leverage this experience to provide Australian investors with a top-tier cryptocurrency solution. Interestingly, VanEck resubmitted their application for the product back in February, highlighting their determination to be the first mover in this exciting new market.
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A Turning Point for Australian Crypto?
This news comes hot on the heels of Monochrome Asset Management's Bitcoin ETF gaining approval on the smaller Cboe Australia exchange. However, industry experts point towards the ASX's sheer size and trading volume as a far more significant platform for crypto exposure. With VanEck's ETF securing the ASX's green light, it could signal a turning point for wider acceptance of cryptocurrencies and their associated investment vehicles in Australia.
Global Crypto Hub Aspirations
This decision by the ASX aligns perfectly with Australia's ambitions of becoming a major player in the global crypto scene. Following the US's approval of spot Bitcoin ETFs in January, anticipation grew for similar moves within the Asia-Pacific region. The ASX's embrace of this innovative financial instrument positions Australia as a serious contender in the race to become a global crypto hub.
A New Era for Aussie Investors
The launch of VanEck's Bitcoin ETF on the ASX opens exciting possibilities for Australian investors. With a regulated and accessible product now available, they can now participate in the growth potential of Bitcoin alongside traditional investment options. This move by the ASX could potentially usher in a new era for Australian investors seeking exposure to the ever-evolving world of cryptocurrency.
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-- #Australia will launch a spot ether ETF following the launch of a spot #BitcoinETF💰💰💰 in August.
-- The ETF allows in-kind and cash redemptions.

Monochrome will launch Australia's first ether ($ETH
) based #exchange traded fund (ETF) on Tuesday.

The Monochrome Ethereum ETF (IETH) will debut at 10:00 a.m. local time. The ether fund, created by Australian crypto firm Monochrome, comes after the launch of its spot #Bitcoin❗ ETF in August. As of Oct. 10, the Bitcoin -ETF fund held 165 Bitcoin ($BTC
) worth just over $10 million.

Similar to spot Crypto ETFs in Hong Kong , IETH will allow investors to apply for and redeem assets in both cash and in-kind, meaning investors will be able to invest in and withdraw from the fund using ether.

As of Oct. 10, the Hong Kong spot Bitcoin and ether ETFs had net assets of $262.97 million and $35.07 million, respectively. In contrast, U.S. ETFs had Bitcoin worth $58.66 billion and ethers worth $6.74 billion, according to SoSoValue .

Several countries have approved spot Crypto ETF listings since the funds launched in the U.S. in January, though all have been significantly smaller in scale than their U.S. counterparts. South Korea's news1 also reported last week that the country's Financial Services Commission will consider authorizing Crypto ETFs.
#MemeCoinTrending

A federal police officer from Australia denies allegations of unauthorized confiscation of bitcoins from a hardware wallet at the scene of intervention and their transfer to the Binance cryptocurrency exchange.
The Australian anti-corruption agency (NACC) accused this federal police officer of emptying the Trezor hardware wallet, containing 81.62 bitcoins, at the scene of the incident. To support their claim that the bitcoins were transferred to his ownership, authorities relied on cryptocurrency tracking programs.
Raid Reveals an Empty Wallet
According to recent information, the police discovered the wallet during a drug raid at the accused's house, but waited approximately three weeks for a court order to open it. When it was finally opened, there were no bitcoins inside the wallet, as Federal Detective William Wheatley likely transferred them shortly after the raid.
At the time of the raid in 2019, the wallet was valued at $309,000, but its value now stands at approximately $4.2 million.
Tracking and Disclosure: Significance of Cryptocurrency Software
Detective Sergeant Deon Achtypis from the cybercrime unit stated that authorities initially suspected someone from a criminal syndicate might be responsible for the bitcoin theft.
Suspicion fell on Wheatley after the discovery of the wallet's recovery phrase device, a series of 12 to 24 random words used to regain access in case of wallet loss or theft.
Extensive investigation of IP addresses used to access the stolen bitcoins through cryptocurrency tracking software eventually led Achtypis to Wheatley.
Disclosure and Legal Ramifications
"I judge that a member of the police force may have been involved in cryptocurrency manipulation."
Globally, law enforcement agencies are adopting cryptocurrency tracking software to uncover illegal activities associated with digital currencies.
In August 2023, Canadian law enforcement agencies announced the initiation of using Chainalysis Reactor software to track illegal crypto transactions.
Furthermore, the development of encryption detective software leads to higher success in recovering stolen cryptocurrencies. On January 29, over $674 million was retrospectively recovered from over 600 major cryptocurrency hacks.

Defense of the Accused
Meanwhile, Wheatley maintains his innocence in the accusations of abuse of public office for personal gain, theft, and involvement in criminal activity.
He is determined to face charges related to the stolen bitcoins from the Trezor wallet, which occurred at a time when Trezor reported a security flaw affecting nearly 66,000 users.
On January 1, it was announced that Trezor detected unauthorized access to a third-party support portal on January 17, warning of potential user data compromise for those who communicated with the Trezor support team since December 2021.
 $BTC
#Bitcoin #crime #Australia #BTC
 
 
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
 
 

Cryptocurrency is no longer just a buzzword in the world of finance. Over the past few years, it has found its way into mainstream adoption, and Australia is one of the countries leading the charge. From Bitcoin to Ethereum and beyond, digital currencies have transformed how Australians spend, invest, and manage their money. But what’s driving this change, and how has crypto impacted spending habits Down Under? Let’s dive into the world of crypto’s influence on Australian consumer behavior. 🌐📉
👇👇👇
$BCH
🛒 Crypto as a Payment Method
One of the biggest shifts in spending habits in Australia has been the increasing use of cryptocurrency for payments. Retailers, both online and in-store, are increasingly accepting Bitcoin (BTC), Ethereum (ETH), and other digital assets as valid forms of payment. Australians can now use crypto to pay for a variety of goods and services, including:
- Travel and accommodation 🏖️
- Electronics and gadgets 📱
- Food and beverages 🍽️
- Real estate 🏡
Even major companies like Kogan.com and TravelbyBit have jumped on the crypto bandwagon, offering consumers the ability to pay with digital currencies. This shift toward crypto as a legitimate payment method is changing the way Australians approach spending, making it easier to tap into their digital wallets for everyday purchases. 💳
💼 Investment-Minded Consumers
Another significant impact of cryptocurrency on Australian spending habits is the growing focus on investment. Many Australians view crypto not just as a payment method but as an investment vehicle. With platforms like Swyftx, CoinSpot, and Binance Australia, consumers are more inclined to hold and trade crypto assets as part of their financial strategy. 🚀📈
This investor mindset has led to a change in traditional spending habits, with more Australians choosing to save or invest in digital currencies rather than spending on material goods. Crypto enthusiasts are constantly on the lookout for market opportunities, and they are increasingly using their investments as a way to accumulate wealth over time.
👇👇👇
$SOL
📊 Spending in a Volatile Market
While crypto has opened up new avenues for spending, it’s also affected how Australians manage their spending during market volatility. With cryptocurrencies known for their fluctuating values, many Australians are taking a more cautious approach to their spending when markets experience significant ups and downs.
During market downturns, consumers may hold back on large purchases, preferring to HODL (Hold On for Dear Life) and wait for a rebound. On the flip side, when the market is booming, Australians may feel more confident about cashing out and spending their gains on luxury items, travel, or even real estate investments. 🏙️
💡 The Rise of Crypto Rewards and Sponsorships
The integration of cryptocurrency rewards programs is another way digital assets have influenced Australian spending habits. Companies are now offering crypto rewards for everyday purchases, giving consumers the chance to earn Bitcoin or other altcoins when they shop with specific merchants or use particular payment methods. This has made crypto more appealing to cashback lovers and bargain hunters, adding a new incentive to spend wisely. 💸
Brands like Crypto.com are popular in Australia for their crypto credit cards, which offer cashback in the form of cryptocurrency. This has introduced a new form of sponsored love, where consumers are essentially being rewarded with crypto for their loyalty.
👇👇👇
$BNB
🏦 Future Outlook: More Crypto, Less Cash?
Australia is steadily moving towards a cashless society, and with the rise of cryptocurrency, digital payments are set to become even more popular. Experts predict that as blockchain technology becomes more integrated into the economy, Australians will increasingly favor digital transactions over traditional cash payments. This shift could lead to even more widespread adoption of cryptocurrencies for daily spending, investment, and even government-backed crypto projects.
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🔮 Conclusion: Australia’s Crypto Love Affair
Cryptocurrency has already made a lasting impact on how Australians spend their money, from daily purchases to long-term investments. As more people embrace digital assets, the influence of crypto on spending habits is only expected to grow. Whether it's paying for a holiday, buying a house, or simply earning rewards through purchases, crypto is reshaping the Australian economy in exciting ways. 🌏✨
Are you ready to embrace the future of crypto spending? Stay tuned, because this digital revolution is just getting started!
#OMC #Australia #USRetailSalesRise #TrumpFirstBTCUse #SuperMacho