Australia's Largest Exchange Lists its First Bitcoin ETF
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20 June

VanEck's Bitcoin ETF, which trades under the name VBTC, officially began trading on the Australian Securities Exchange (ASX) on Thursday, marking the platform's first spot Bitcoin ETF.

As of Wednesday, the ETF had total net assets of approximately AUD 982,850 ($655,560), according to VanEck's website.

VBTC operates as a feeder fund, allowing investors to access Bitcoin through the US-listed VanEck Bitcoin Trust (HODL).

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According to ASX managing director of investment strategy and products Andrew Campion, trading holdings with exposure to Bitcoin through an ETF on a traditional exchange such as ASX simplifies the process and expands opportunities for Australians.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

ASX is one of Australia's leading stock exchanges, responsible for approximately 80% of local trading.

According to its website, in May its market capitalization stood at $2.6 trillion.

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