DigitalX Bitcoin ETF Launch Rocks Australia’s Main Board!

Key Points:

• DigitalX Ltd. is launching a Bitcoin ETF on Australia’s main stock market, becoming the second asset manager approved by ASX Ltd.
• This ETF is established in collaboration with K2 Asset Management and 3iQ, providing a secure investment vehicle for accessing Bitcoin.
• CEO Lisa Wade highlights the ETF’s potential to attract new market entrants and allow institutions to include Bitcoin in strategic allocations.

DigitalX Ltd. is preparing to list a Bitcoin exchange-traded fund (DigitalX Bitcoin ETF) on the main stock market in Australia, becoming the second asset manager to gain approval for such a product from ASX Ltd.

According to a company statement on Tuesday, the DigitalX Bitcoin ETF will be listed under BTXX from July 12.

In conjunction with K2 Asset Management and 3iQ, the DigitalX Bitcoin ETF hopes to offer a secure, controlled way for investors to gain exposure to Bitcoin. The listing comes only a month after the ASX gave its nod to VanEck’s Bitcoin ETF, underlining the growing interest in cryptocurrency investment products in Australia.

Read more: VanEck Bitcoin ETF Will Launch in Australia on June 20

DigitalX Bitcoin ETF partnership with K2 Asset Management and 3iQ

The listing of DigitalX Bitcoin ETF is a landmark event in the Australian financial market. It opens a new path for institutional and retail investors to get exposure to Bitcoin. Sydney-based fund manager BetaShares Holdings Pty has lodged another application for the listing of Bitcoin and Ether ETFs on the ASX, pointing to a broader trend toward acceptance and integration with traditional financial markets for the digital assets sector.

“I believe this will draw in new entrants to the marketplace who will ultimately facilitate institutional inclusion of Bitcoin and digital assets into strategic asset allocations,” said Lisa Wade, DigitalX’s chief executive officer. “That’s really why we did it, but that is a much longer game.”