๐Big news for Bitcoin enthusiasts! DigitalX Limited, a digital asset fund manager, has announced the successful approval and upcoming launch of its spot Bitcoin ETF on the Australian Securities Exchange (ASX). The new ETF, trading under the ticker "BTXX," will start trading on Friday, July 12, 2024, at 10:00 AM AEST. ๐
DigitalX has teamed up with K2 Asset Management, an ASX-listed company, to serve as the Responsible Entity and issuer for the ETF. They've also partnered with 3iQ to promote and distribute the ETF both in Australia and internationally. ๐
DigitalX CEO Lisa Wade is thrilled about the new offering, calling it a "watershed moment" for the Australian digital asset investment market. She emphasized that the ETF would provide Australians with secure access to Bitcoin without the need to manage digital wallets. ๐ฏ
The DigitalX spot Bitcoin ETF is among the first of its kind to be listed on the ASX in over six years. Trading under the ticker "BTXX," the new ETF offers investors direct access to Bitcoin through a regulated and liquid fund structure. Toby Hicks, Chair of DigitalX, praised K2 Asset Managementโs collaborative efforts and emphasized DigitalXโs commitment to leading the development of digital asset investments in a compliant, safe, and secure manner. ๐ฆ
So, get ready to ride the Bitcoin wave, Australia! ๐โโ๏ธ๐