ASX Welcomes First-Ever Spot Bitcoin ETF as Speculation Grows for SOL and ADA ETF Applications
VanEck has extended its reach Down Under, offering Australians the opportunity to purchase their ASX-traded spot ETF, VBTC.
You're not a member! Trial today
The new exchange-traded fund is being introduced by US investment management firm VanEck, with live trading planned for June 20th. The fund (ticker VBTC) will hold Bitcoin directly on behalf of investors, which the institutions’ APAC CEO believes will be a huge milestone for adoption Down Under.
“VBTC also makes Bitcoin more accessible by managing all the back-end complexity. Understanding the technical aspects of acquiring, storing and securing digital assets is no longer necessary.” – Arian Neiron, VanEck’s Asia-Pacific CEO and Managing Director
It will be interesting to see if the renaissance of crypto ETFs in the US will make its way to Australia. Popular US products like BlackRock’s IBIT smashed trading records after a month or two – can VanEck’s VBTC follow suit?
