Coin World News Report:
Author: Richard Henderson, Georgina McKay, Bloomberg; Translation: Deng Tong,
DigitalX Ltd. will launch a Bitcoin Exchange Traded Fund (ETF) on the major stock market in Australia, after becoming the second asset management company approved by the Australian Securities Exchange (ASX Ltd.) to operate an exchange.
According to a statement released by the company on Tuesday, the DigitalX Bitcoin ETF will be listed on July 12th, with the stock code BTXX. DigitalX stated that the fund was established in collaboration with K2 Asset Management and 3iQ.
Just weeks after the Australian Securities Exchange approved VanEck’s Bitcoin ETF last month, DigitalX went public. BetaShares Holdings Pty, a fund management company based in Sydney, has also applied to launch Bitcoin and Ethereum ETFs on the Australian Securities Exchange.
“I believe this will attract new entrants to the market and ultimately allow institutions to incorporate Bitcoin and digital assets into strategic asset allocation,” said Lisa Wade, CEO of DigitalX. “This is the real reason why we are doing this, but it is a long game.”
