DigitalX’s Bitcoin ETF Set to Make Australian Securities Exchange Debut

According to the latest details from a press release, DigitalX Limited is set to introduce spot Bitcoin Exchange Traded Funds (ETFs) on the Australian Securities Exchange (ASX).

This ETF is set to debut under the ticker BTXX. The DigitalX spot Bitcoin ETF will begin trading on July 12, 2024, at 10:00 AM AEST.

Key points:

• Trading to begin on July 12, 2024, under the ticker BTXX
• Collaborative effort involving K2 Asset Management and 3iQ
• Designed to offer simple, regulated Bitcoin exposure without digital wallets

Following the introduction of Bitcoin ETFs in the United States earlier in 2024, Australia is now joining the ranks of nations offering regulated crypto investment.

Also read: Bitcoin Nosedives As German Government Moves Over $850M In BTC

DigitalX partners with K2 to bring the Bitcoin ETF

DigitalX has partnered with K2 Asset Management and 3iQ to bring this product to market. K2 Asset Management will serve as the responsible entity and issuer of the ETF.

This partnership aims to promote and distribute the ETF both within Australia and on the global stage.

Lisa Wade, CEO of DigitalX, emphasized the importance of this launch, stating, “This is a watershed moment for us as a business and for the Australian digital asset investment market.”

Also read: Crypto Funds See $441M Inflows As Mt. Gox Bitcoin Pressure Eases

Wade highlighted the company’s long-standing experience in managing digital assets and expressed enthusiasm about sharing this expertise with Australian investors seeking secure Bitcoin access.

Nations one by one, are beginning to embrace cryptocurrencies. Bitcoin hit a new all-time high earlier this year after the US approved BTC ETFs.

Now the market is awaiting the approval of Ethereum ETFs. This could potentially reverse the current bearish market sentiment.