Australian Stock Exchange ASX is discussing the listing of Bitcoin spot ETFs with several companies

The VanEck Bitcoin ETF debuted on the Australian Stock Exchange ASX on Thursday with a seed investment of about A$985,000. Sydney-based BetaShares Holdings Pty and another Australian company, DigitalX Ltd., are also in the queue for listing on the ASX. An ASX spokesman said VanEck is the only approved applicant so far, and contacts with other issuers are ongoing. Rebecca Sin, senior ETF analyst at Bloomberg, pointed out that the potential market size of virtual asset ETFs in the Asia-Pacific region may exceed US$3 billion in the next few years. Sin added that if Australia, South Korea and other countries allow cryptocurrency ETFs to be listed, the market share of these regions may be evenly distributed. (Bloomberg)