Bitcoin

<ul><li>VanEck’s Bitcoin ETF debuts on ASX, trading volume hits $1.5M, offering institutional-grade access to Bitcoin.</li><li>ASX’s first spot Bitcoin ETF signals growing investor interest, boosting Australia&#39;s crypto investment landscape.</li><li>Competition heats up as BetaShares and DigitalX plan Bitcoin ETFs on ASX, diversifying options for investors.</li></ul><a href="https://cryptotale.org/vaneck-ethereum-spot-etf-listed-on-dtcc-awaiting-sec-approval/" rel="noopener noreferrer nofollow">VanEck’s </a>spot Bitcoin exchange-traded fund (ETF) made a significant debut on the Australian Securities Exchange (ASX), reflecting growing investor interest in cryptocurrency markets. Trading under the ticker VBTC, the ETF saw its trading volume<a href="https://www.asx.com.au/markets/etp/vbtc" rel="noopener noreferrer nofollow"> exceed</a> $1.5 million within a few hours. This launch marks the ASX’s first spot Bitcoin ETF, positioning VanEck as a pioneer in Australia’s evolving financial landscape.The ASX, a dominant force in Australia’s capital markets, <a href="https://www.bloomberg.com/news/articles/2024-04-28/bitcoin-btc-etf-bandwagon-heads-to-australia-after-53-billion-haul-in-us?utm_source&#61;twitter&amp;utm_campaign&#61;socialflow-organic&amp;utm_medium&#61;social&amp;utm_content&#61;crypto" rel="noopener noreferrer nofollow">handles</a> about 80% of equity trading. Hence, the listing of VBTC is a notable milestone. The ETF, which serves as a feeder fund for the US-based VanEck Bitcoin Trust, began with an initial seed investment of approximately A$985,000. This strategic move aligns with VanEck’s mission to offer institutional-grade access to Bitcoin, enhancing investment options for Australian investors.Jamie Hannah, <a href="https://cryptotale.org/vaneck-ceo-endorses-layer-2-solutions-and-solana-over-ethereum-and-bitcoin/" rel="noopener noreferrer nofollow">VanEck’s </a>Deputy Head of Investments and Capital Markets, <a href="https://x.com/superheroaus/status/1803606186216005775" rel="noopener noreferrer nofollow">emphasized</a> the ETF&#39;s accessibility and security. Investors can access VBTC through any retail broker, making it a convenient option. Additionally, the ETF features robust security measures and insurance, ensuring investor protection. Its low-cost structure further enhances its appeal, making Bitcoin investment more affordable.<a href="https://cryptotale.org/vanecks-vbtc-etf-debuts-on-asx-with-over-1-5m-in-trading-volume/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

VanEck’s VBTC ETF Debuts on ASX with Over $1.5M in Trading Volume

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