{"id":22909,"date":"2024-06-15T11:00:25","date_gmt":"2024-06-15T08:00:25","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22909"},"modified":"2024-06-15T12:51:11","modified_gmt":"2024-06-15T09:51:11","slug":"asx-approves-first-spot-bitcoin-etf-launch-june-20","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/asx-approves-first-spot-bitcoin-etf-launch-june-20\/","title":{"rendered":"ASX Approves First Spot Bitcoin ETF, Set to Launch on June 20"},"content":{"rendered":"<p><strong>The first Bitcoin ETF of Australia<\/strong> is set to start trading on the <strong>Australian Securities market (ASX)<\/strong> on June 20 after being approved. As reported by a VanEck press release, the New York based financial company VanEck plans to offer the spot Bitcoin ETF called the <strong>VanEck Bitcoin ETF (VBTC).<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/asx-approves-first-spot-bitcoin-etf-launch-june-20\/#VanEck_to_Issue_Australias_First_Spot_Bitcoin_ETF\" title=\"VanEck to Issue Australia&#8217;s First Spot Bitcoin ETF\">VanEck to Issue Australia&#8217;s First Spot Bitcoin ETF<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/asx-approves-first-spot-bitcoin-etf-launch-june-20\/#Growing_Demand_for_Regulated_Bitcoin_Exposure_in_Australia\" title=\"Growing Demand for Regulated Bitcoin Exposure in Australia\">Growing Demand for Regulated Bitcoin Exposure in Australia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/asx-approves-first-spot-bitcoin-etf-launch-june-20\/#Previous_Bitcoin_ETF_Launches_in_Australia\" title=\"Previous Bitcoin ETF Launches in Australia\">Previous Bitcoin ETF Launches in Australia<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"VanEck_to_Issue_Australias_First_Spot_Bitcoin_ETF\"><\/span>VanEck to Issue Australia&#8217;s First Spot Bitcoin ETF<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>Just a few months after <strong>VanEck<\/strong> was allowed to start trading spot Bitcoin ETFs in the United States through the VanEck Bitcoin Trust (HODL), on January 11, the Chief Executive Officer for VanEck in the Asia-Pacific region, Arian Neiron stressed the need for <strong>Bitcoin<\/strong> exposure in Australia particularly through a \u201cregulated, transparent and a familiar investment vehicle. \u201c<\/p>\n<p>\u201dMany advisers and investors want to use <strong>Bitcoin<\/strong> as it is a new type of a product, an asset,\u201d Neiron said. In this way, VBTC implements the back-end procedures and thus makes the Bitcoin more understandable and convenient to use. He said, \u201cUnderstanding how and where to obtain, store, and secure digital assets is no longer sufficient.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Growing_Demand_for_Regulated_Bitcoin_Exposure_in_Australia\"><\/span>Growing Demand for Regulated Bitcoin Exposure in Australia<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This makes the launching of <strong>VBTC<\/strong> as the first spot <strong>Bitcoin ETF<\/strong> approved by the ASX a historical event. This action reflects the increasing demand for the new form of investment through Bitcoin in Australia. The VBTC aims to simplify the processes of investors and eliminate the need for them to comprehend the mechanisms of managing digital assets.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/binance-will-support-fet-ocean-and-agix-token-merger\/\"><em><span style=\"font-weight: 400;\">This Might Interest You: Binance Will Support FET, OCEAN and AGIX Token Merger<br \/>\n<\/span><\/em><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Previous_Bitcoin_ETF_Launches_in_Australia\"><\/span>Previous Bitcoin ETF Launches in Australia<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Although being allowed by the <strong>ASX<\/strong>, this is not the first time that a <strong>Bitcoin ETF<\/strong> has been launched in Australia. Recently, the Monochrome Bitcoin ETF (IBTC) was recently approved and hence is now listed on the Cboe Australia exchange, the second largest stock exchange in Australia. Being fully aware of the fact that Astral\u2019s holdings are going to be stored in a device which will not be connected to the internet at all, the Monochrome Bitcoin ETF started trading on June 4.<\/p>\n<p>The Global X 21 Shares Bitcoin ETF (EBTC) started trading in Australia in April 2022 and was the first Bitcoin ETF product; this paved the way for the following ETFs such as VBTC and IBTC.<\/p>\n<p>In line with the increasing acceptance and trading of cryptocurrencies in the standardized markets, the Australian investors are now in a position to obtain regulated access to Bitcoin through the <strong>VanEck Bitcoin ETF (VBTC)<\/strong> that has received the approval of the ASX.<\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/t.me\/coinengineernews\"><em>Click here to get the latest news from Coin Engineer!<\/em><\/a>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first Bitcoin ETF of Australia is set to start trading on the Australian Securities market (ASX) on June 20 after being approved. As reported by a VanEck press release, the New York based financial company VanEck plans to offer the spot Bitcoin ETF called the VanEck Bitcoin ETF (VBTC). VanEck to Issue Australia&#8217;s First<\/p>\n","protected":false},"author":6,"featured_media":22912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[6855,534,6856],"class_list":["post-22909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-australian-securities-market-asx","tag-bitcoin-etf","tag-vaneck-bitcoin-etf-vbtc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ASX Approves First Spot Bitcoin ETF, Set to Launch on June 20 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/asx-approves-first-spot-bitcoin-etf-launch-june-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX Approves First Spot Bitcoin ETF, Set to Launch on June 20 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The first Bitcoin ETF of Australia is set to start trading on the Australian Securities market (ASX) on June 20 after being approved. 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