PANews June 20 news, according to Bloomberg, a spokesperson for the Australian Stock Exchange (ASX) said that the company is in discussion with several asset management companies that are working to list their spot Bitcoin (BTC) ETFs. Currently, only one spot BTC ETF from VanEck has been officially launched. However, Australia's BetaShares Holdings Pty and DigitalX Ltd. have also submitted applications for spot BTC ETFs to the ASX.
Rebecca Sin, senior ETF analyst at Bloomberg Intelligence, pointed out that the Asia-Pacific region has huge potential for cryptocurrency ETFs, which is expected to exceed $3 billion in the next few years. Sin added that if Australia, Hong Kong and South Korea allow cryptocurrency ETFs to be listed, the market share in these regions may be evenly distributed.
Earlier today, it was reported that a Bitcoin spot ETF was listed on Australia's major stock market for the first time. The VanEck Bitcoin ETF began trading on the Australian Stock Exchange ASX on Thursday.
