DigitalX Limited, a renowned digital asset fund manager, has announced the successful approval and imminent launch of its spot Bitcoin ETF on the Australian Securities Exchange (ASX) under the ticker "BTXX". The trading is set to commence on Friday, July 12, 2024, at 10:00 AM AEST.

In a strategic partnership, DigitalX has teamed up with ASX-listed K2 Asset Management, which will act as the Responsible Entity and issuer for the ETF. K2 brings valuable experience in managing ASX-listed ETFs, compliance systems, and meeting Australian financial services license requirements.

Furthermore, DigitalX will collaborate with 3iQ to promote and distribute the ETF both in Australia and internationally. 3iQ has a proven track record in managing and distributing digital asset ETFs globally.

The launch of the DigitalX spot Bitcoin ETF marks a significant milestone as it is among the first of its kind to be listed on the ASX in over six years. The new ETF offers investors direct access to Bitcoin through a regulated and liquid fund structure, making it easier to incorporate digital assets into their portfolios.