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).
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).
Digital asset investment products have received a total of $441 million in inflows as a result of the recent sell-off by Mt. Gox and the German government.
Even though the price of Bitcoin has recently dropped to $54,000, a decrease of 25% from its peak of $73,000 in March, there has been a surge in inflows for spot Bitcoin ETFs on July 5.
The anticipated launch of spot Ethereum ETFs in the United States, which was originally expected to happen in early July, has been delayed due to the Securities and Exchange Commission (SEC).
The financial services firm T-Rex Group has recently applied to establish a leveraged Exchange-Traded Fund (ETF) based on the stock of MicroStrategy in the US.
The US Securities and Exchange Commission is in the final stages of approving exchange traded funds (ETFs) tied to the spot price of Ether and the official approval could come as early as July 4.
VanEck, an investment manager, recently filed form 8-A for its spot Ethereum exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC).
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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