Australia’s ASX Will List Another Spot Bitcoin ETF

DigitalX, a blockchain-focused asset management firm, has received regulatory approval to launch a spot Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX).

This will make it the second Bitcoin ETF to trade on the ASX. The ETF, named BTXX, will begin trading on July 12 at 10 am local time according to a post from DigitalX on July 8.

CEO Lisa Wade described the approval as a major milestone and highlighted the direct access to Bitcoin and the regulated and liquid fund structure that the DigitalX Bitcoin ETF will provide for ASX customers.

Toby Hicks, Chair of DigitalX, also expressed excitement about the growth and development of the digital asset market in Australia.