An exchange-traded fund (ETF) that invests directly in exchange operators has been launched in Australia, Bloomberg reported. The fund was launched to meet the growing demand of advisors and investors for exposure to the emerging asset class of Bitcoin. This year, U.S. Bitcoin ETFs including BlackRock Inc. and Fidelity Investments have raised $58 billion. In addition, local companies such as Sydney's BetaShares Holdings Pty and DigitalX Ltd. are also lining up to list on the Australian main board. Two years ago, Australia launched its first round of Bitcoin ETFs on CBOE Australia, the country's primary exchange, and although the success was mixed, there is now a growing expectation that the trend will be driven by the high profile of the exchange and the rise in Bitcoin prices.
