{"id":1877,"date":"2023-07-14T14:53:39","date_gmt":"2023-07-14T14:53:39","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=1877"},"modified":"2023-07-14T14:53:39","modified_gmt":"2023-07-14T14:53:39","slug":"australia-joins-the-bitcoin-etf-race","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/australia-joins-the-bitcoin-etf-race\/","title":{"rendered":"Australia Joins The Bitcoin ETF Race"},"content":{"rendered":"<p>Bitcoin ETF already was the most important thing in today&#8217;s financial world. Bitcoin is integrating over and over into our life and we can see it in our environment. Some people can make huge amounts of money buying it the first time. At these times, nobody believe that even most people saw it as a tool for illegal acts. But right now everyone wants to have Bitcoin and to become a billionaire thanks to it.<\/p>\n<p>One of them is central banks, national exchanges, etc. These days some corporations and institutions are competing for Bitcoin ETF. So, why it is essential for these huge companies, such as BlackRock, ArkInvest, Monochrome AM, etc? Because having that is a clear victory in this almost <strong>2 trillion $<\/strong> market.<\/p>\n<blockquote><p><strong>You might also like: <a class=\"row-title\" href=\"https:\/\/coinengineer.net\/blog\/wp-admin\/post.php?post=1775&amp;action=edit\" target=\"_blank\" rel=\"noopener\" aria-label=\"\u201cCovid Redefining Our World\u201d (Edit)\">Covid Redefining Our World<\/a><\/strong><\/p><\/blockquote>\n<h2><strong>Australia Also Wants Bitcoin ETF&#8230;<\/strong><\/h2>\n<p>Australian crypto investment firm <strong>Monochrome AM<\/strong> did also offer an application for a spot Bitcoin exchange-traded fund on the <strong>Australian Securities Exchange (ASX).\u00a0<\/strong>But at this time the offer didn&#8217;t recognized by ASX. That&#8217;s why the Asset Management firm updated its own application to offer.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Australia \ud83c\udde6\ud83c\uddfa joins the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> race.<a href=\"https:\/\/twitter.com\/hashtag\/spot?src=hash&amp;ref_src=twsrc%5Etfw\">#spot<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/bitcoinetf?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoinetf<\/a> <a href=\"https:\/\/twitter.com\/MonochromeAsset?ref_src=twsrc%5Etfw\">@MonochromeAsset<\/a> <a href=\"https:\/\/t.co\/hqXb9RY5HL\">https:\/\/t.co\/hqXb9RY5HL<\/a> <a href=\"https:\/\/t.co\/KEEXHQ9Eo6\">pic.twitter.com\/KEEXHQ9Eo6<\/a><\/p>\n<p>&mdash; Jeff (@jeffyew_) <a href=\"https:\/\/twitter.com\/jeffyew_\/status\/1679633736374308866?ref_src=twsrc%5Etfw\">July 13, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Monochrome CEO Jeff Yew clarified that by getting a license, Australian investors would be exposed to Bitcoin. Besides CEO explained that:<\/p>\n<blockquote><p><em>Through a Bitcoin ETF, it makes it possible for them to buy and use the asset clas in however they see fit the investment choices in regulated manner, and also operating within the regular regulatory perimeter.<\/em><\/p><\/blockquote>\n<p>CEO of this Asset Management firm believes that if a Bitcoin ETF goes live in Australian Security Exchange. It will send a &#8220;clear signal&#8221; to traditional investors. They will understand that the &#8220;unregulated <strong>Wild West<\/strong> is coming to an end&#8221; because their investments will be backed by a familiar, structured, and protected environment.<\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><strong><cite>You can present your thoughts as comments about the topic. Moreover, you can follow us on <a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram<\/a>, <a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a>, and <a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a> channels for the kind of news<\/cite><\/strong><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin ETF already was the most important thing in today&#8217;s financial world. Bitcoin is integrating over and over into our life and we can see it in our environment. Some people can make huge amounts of money buying it the first time. At these times, nobody believe that even most people saw it as a<\/p>\n","protected":false},"author":1,"featured_media":1881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,534,535,192,60,62,336,58,238,44],"class_list":["post-1877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-bitcoin-etf","tag-blackrock","tag-blockchain","tag-btc","tag-coin","tag-cryptocurrencies","tag-cryptocurrency","tag-event","tag-million-dollars"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Australia Joins The Bitcoin ETF Race - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Bitcoin is integrating over and over into our life and we can see it in our life. 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