Key Takeaways
- The Australian Securities Exchange approves DigitalX's Bitcoin ETF, which will trade under the ticker BTXX starting this Friday.
- DigitalX partners with K2 Asset Management and 3iQ, leveraging their experience in launching crypto ETFs in Toronto in 2021.
- CEO Lisa Wade highlights the ETF as a game changer, offering 'secure' and affordable Bitcoin investments.
BTXX Launches on ASX
Australia's ASX is set to list another Bitcoin ETF, expanding its cryptocurrency investment options.
DigitalX's Bitcoin ETF, trading under the ticker BTXX, will begin trading on the ASX this Friday.
This new listing marks another significant milestone for the Australian Securities Exchange in the digital asset market.
Strategic Partnerships
The ETF is issued in collaboration with K2 Asset Management, a key player in the financial industry.
Canadian digital assets company 3iQ, known for launching some of the first crypto ETFs in Toronto in 2021, is also a partner in this venture.
Impact on Australian Market
Lisa Wade, CEO of DigitalX, describes the launch as a 'watershed moment' for the company and the Australian digital asset market:
"Offering the DigitalX Bitcoin ETF to the Australian market is a watershed moment for DigitalX, and for the Australian digital asset investment market overall."
The ETF allows Australians to invest in paper bitcoins without the need to take the responsibility of becoming actual sovereign individuals.
