Australia plans to launch Bitcoin ETFs on ASX by 2024's end, following the US and Hong Kong.
Australia is on track for a wave of Bitcoin ETF launches, following the US and Hong Kong. Firms like Van Eck Associates Corp. and BetaShares Holdings Pty are planning ASX listings, with ASX Ltd. expected to approve the first spot-Bitcoin ETFs by 2024's end. This follows $53B amassed by US Bitcoin ETFs, signaling digital assets' staying power, and Australia's $2.3T pension market may further drive inflows.
April 29, 2024
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