The Australian Stock Exchange is expected to approve a Bitcoin ETF by the end of 2024
According to third-party media reports, Australia will follow in the footsteps of the United States and Hong Kong by launching a Bitcoin ETF. An informed source who wished to remain anonymous revealed that ASX Ltd., which handles about four-fifths of the country's stock trading, is expected to approve the first batch of spot Bitcoin ETFs on its main board before the end of 2024. A spokesperson for BetaShares, based in Sydney, said in an interview that they are working hard to launch a product on the Australian Securities Exchange. Another local company, DigitalX Ltd., stated in its semi-annual performance report in February that it has applied. Justin Arzadon, head of digital assets at BetaShares, said inflows from U.S funds prove digital assets will continue to exist. Arzadon added that his company has reserved ASX stock codes for spot Bitcoin and Ethereum ETFs.
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