Bitcoin ETF

Bitcoin

<h4><strong>This development marks a significant step for the ASX, making DigitalX’s ETF the second of its kind on the exchange. Following VanEck’s listing on June 20th.</strong></h4> 
<p>Once approved for quotation, the DigitalX spot Bitcoin ETF, known as BTXX, will officially be listed on the ASX, enabling public trading to commence on the specified start date.</p> 
<h5><strong>DigitalX’s BTXX Bitcoin ETF Launch on ASX</strong></h5> 
<p>This move reflects Australia’s growing acceptance and integration of cryptocurrency investment products within its financial markets. Unlike <a href="https://www.vaneck.com/es/en/investments/bitcoin-etp/overview/" target="_blank" rel="noopener">VanEck’s VBTC</a>, which provides exposure to Bitcoin through investment in the VanEck Bitcoin Trust (HODL), a U.S.-listed ETF on the <a href="https://www.cboe.com/au/equities/" target="_blank" rel="noopener">Cboe exchange</a>, DigitalX’s offering is distinct in its independence from U.S. regulatory dynamics.</p> 
<p>This distinction could potentially offer Australian investors a more localized and potentially less volatile investment avenue directly tied to Bitcoin’s market movements.</p> 
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<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/DigitalXLtd/status/1810461336612344144" target="_blank" rel="noopener">X</a></strong></h6> 
<p>DigitalX’s ETF launch underscores broader trends in the global financial landscape, where traditional financial institutions are increasingly embracing cryptocurrencies and related investment products. The ASX’s openness to crypto ETFs reflects a recognition of Bitcoin’s maturation as an asset class and its increasing relevance in diversified investment portfolios.</p> 
<p>The decision to list a spot Bitcoin ETF aligns with ongoing efforts by financial regulators worldwide to provide investors with regulated and accessible avenues to invest in digital assets. This regulatory approval also signals a maturing regulatory environment in Australia, fostering innovation while ensuring investor protection in the burgeoning crypto sector.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/australias-second-bitcoin-etf-digitalx-enters-asx/">Australia’s Second Bitcoin ETF: DigitalX Enters ASX</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Australia’s Second Bitcoin ETF: DigitalX Enters ASX

Altcoin Buzz

Alte articole publicate pe 9 iul. 2024

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