#First #Bitcoin ETF To List On Australia Bourse
An exchange-traded fund investing directly in Bitcoin will list on Australia's main stock market for the first time, kicking off another wave of such listings after similar products began trading in the US and Hong Kong. Exchange operator ASX, which handles the bulk of the country's stock trading, has approved the VanEck Bitcoin ETF which will be listed on Thursday. "We recognize Bitcoin is an emerging asset class that many advisers and investors want to access," said Arian Neiron, CEO for VanEck in the Asia-Pacific region. The listing comes as $58 billion has been amassed by US Bitcoin ETFs that debuted this year.
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