Australian Stock Exchange ASX is in talks with several companies about listing spot Bitcoin ETFs
On June 20th, according to Bloomberg News, a spokesperson for the Australian Securities Exchange (ASX) stated that the company is in discussions with several asset management companies who are working towards listing their spot Bitcoin (BTC) ETFs. Currently, only VanEck's spot BTC ETF has been officially launched. However, Australian-based BetaShares Holdings Pty and DigitalX Ltd. have also submitted applications for spot BTC ETFs to ASX.
Rebecca Sin, a senior ETF analyst at Bloomberg News, pointed out that the potential for the cryptocurrency ETF market in the Asia-Pacific region is huge and 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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