Perth blockchain company DigitalX wins second ASX Bitcoin ETF listing
Perth-based blockchain company DigitalX will launch a Bitcoin exchange-traded fund on Australia’s main stock market after becoming the second asset manager to win approval for such a product from the bourse.
The DigitalX Bitcoin ETF will list on July 12 under the ticker BTXX, the company said on Tuesday. The fund has been established in partnership with K2 Asset Management and 3iQ, DigitalX said.
The DigitalX listing comes just weeks after ASX approval for VanEck’s Bitcoin ETF last month. Sydney-based fund manager BetaShares has also applied to launch Bitcoin and Ether ETFs on the ASX.
Sign up to The Nightly's newsletters.
Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.
By continuing you agree to our Terms and Privacy Policy.“I believe this will attract new entrants into the market and ultimately allow institutions to include Bitcoin and digital assets into strategic asset allocations,” said Lisa Wade, chief executive of DigitalX. “That’s really why we did it, but that is a much longer game.”
Bloomberg
Originally published as Perth blockchain company DigitalX wins second ASX Bitcoin ETF listing
