Australia Bitcoin ETF Approval: Australia’s Largest Stock Exchange ASX Approves Listing of Its First Bitcoin Exchange Traded Fund

Australia's largest stock market, the Australian Securities Exchange (ASX), has approved its first Bitcoin ETF (Exchange-Traded Fund). The official launch of the approved listing will take place on June 20, 2024 (Thursday). According to a report of Bitcoin.com News, the First Bitcoin Exchange-Traded-Fund instrument issued by VanEck will be called "VanEck Bitcoin ETF (VBTC)". The report also mentioned that the ETF would be the most cost-effective Bitcoin fund exposure in the country. The Bitcoin ETFs have been adopted in the Australian market following the recent launch in the United States after the US SEC's approval. VanEck CEO for the Asia-Pacific region, Arian Neiron, reportedly stated about the growing demand for Bitcoin in Australia. He was pleased to bring this cryptocurrency as a "regulated financial product" to the Australian market. Previously, the country had approved Global X 21 Shares Bitcoin ETF (EBTC) in April 2022 and Monochrome Bitcoin ETF (IBTC) on June 4, 2024. TRAI Allots New 160 Mobile Phone Series for Making Transactional and Service Voice Calls for All Entities Regulated by RBI, SEBI, IRDAI and PFRDA To Curb Spams.

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