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Australia is set to see a significant expansion in Bitcoin ETF offerings, following successful launches in the US and Hong Kong. Notable issuers like VanEck and BetaShares are poised for listings, with Australia's largest stock exchange, ASX Ltd., which handles around four-fifths of trades, expected to list approved spot Bitcoin ETFs by the end of 2024. This move is anticipated to attract substantial inflows from both institutional and retail investors, bolstering the cryptocurrency's acceptance and accessibility.
« Hong Kong Bitcoin and Ethereum ETFs will pump the market from day one; that's for sure, because all institutional players can now join the train. » Really 👇 https://t.co/iPJWzw4820
$BTC and $ETH nurse losses as Asia's first spot ETFs debut in Hong Kong with dismal trading volumes. Reports @godbole17. https://t.co/RgFGRrWq2l
A batch of exchange-traded funds investing directly in crypto debuted in Hong Kong on Tuesday, heralding potential competition for U.S. Bitcoin products whose popularity stoked a record rally in the digital asset. https://t.co/O5xKcEyxE4