Digitalx Set to Debut Australia's Second Bitcoin ETF

Digitalx, a digital asset management firm, is set to launch a Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) operated by ASX Ltd.

Digitalx to Launch Australia's Second Bitcoin ETF on July 12

Asset management firm Digitalx will launch a bitcoin exchange-traded fund (ETF) on an ASX operated stock market on July 12. Asset managers K2 Asset Management and 3iQ played a role in establishing what will be the second ETF approved by ASX.

悉尼, July 11, 2023 (GLOBE NEWSWIRE) -- Digital asset management firm Digitalx (ASX: DCC) will launch a Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) operated by ASX Ltd. (ASX: ASX). Known as the Digitalx Bitcoin ETF, this investment product is set to debut on July 12 under the ticker BTXX.

According to a statement, asset managers K2 Asset Management and 3iQ played a role in establishing what will be the second ETF approved by ASX. As previously reported by Bitcoin.com News on June 17, Vaneck’s Bitcoin ETF (VBTC) became the first ETF to receive approval from ASX Ltd. Moreover, another Australia-based fund manager has applied to launch Bitcoin and Ethereum ETFs on ASX.

Digitalx and 3iQ Partner to Promote ETFs in Australia and Internationally

3iQ will also assist Digitalx in promoting and distributing the ETF in Australia and abroad as part of its involvement in establishing the ETF. Lisa Wade, Digitalx’s CEO, expressed enthusiasm for the planned launch, stating:

“We are pleased to now be able to deliver and offer this spot Bitcoin ETF to the Australian market. This is a watershed moment for us as a business and for the Australian digital asset investment market. The DigitalX Bitcoin ETF is a spot ETF product that provides ASX clients with direct exposure to Bitcoin within a regulated and liquid fund structure.”

Moreover, Wade expressed hope that the ETF will encourage newcomers to enter the crypto market, ultimately allowing institutions to include Bitcoin and digital assets in their strategic asset allocation.

Toby Hicks, Digitalx's chairman, stated that the asset management company's growth and experience over the past 10 years have positioned it to lead in the development of secure and compliant digital asset investment products. Hicks also commended K2 Asset Management and 3iQ for their tireless work in ensuring that the Bitcoin ETF can be successfully delivered.

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