$BTC
Australian institutions are also coming!
It is expected that the Australian Stock Exchange will approve the listing of Bitcoin spot ETFs on the main board by the end of this year
On April 29, Bloomberg reported that Australia is about to launch a wave of Bitcoin exchange-traded funds (ETFs), following the pace of the United States and Hong Kong. Issuers such as Van Eck Associates Corp. and BetaShares Holdings Pty are preparing for the listing of Bitcoin ETFs. According to people familiar with the matter, the Australian Stock Exchange (ASX Ltd.) is expected to approve the first batch of spot Bitcoin ETFs to enter the main board listing by the end of 2024. The Australian Stock Exchange handles about four-fifths of the country's stock transactions. People familiar with the matter asked not to be identified because the information is private. Previously, U.S. Bitcoin ETFs have attracted $53 billion in funds this year, including products from BlackRock and Fidelity. Funds that invest directly in Bitcoin and Ethereum will also begin trading in Hong Kong on Tuesday. Australia's $2.3 trillion pension market may drive inflows. Jamie Hannah, deputy head of investments and capital markets at VanEck Australia, said about a quarter of the country's pension assets are stored in so-called self-managed retirement plans, which allow individuals to choose investment projects. These people may become buyers of spot cryptocurrency funds.
