DigitalX to list spot bitcoin ETF on Australia’s largest stock exchange

Australian blockchain firm DigitalX announced today that its spot bitcoin exchange-traded fund has been approved for listing on the Australian Securities Exchange. 

The DigitalX spot bitcoin ETF will start trading on July 12 on ASX under the ticker BTXX. The fund was developed in partnership with K2 Asset Management and digital asset investment firm 3iQ, the press release said.

K2 acts as the ETF’s responsible entity and issuer that oversees the fund’s operations, while 3iQ will work with DigitalX to promote the ETF domestically and internationally, according to the company.

“DigitalX has one of the longest track records in the world managing digital assets and we are excited to share our expertise with Australians to access bitcoin in a secure way,” DigitalX CEO Lisa Wade said in the release. 

Meanwhile, ASX listed its first spot bitcoin ETF — the VanEck Bitcoin BTC -0.14% ETF — last month. Another Australian fund manager BetaShares has also applied to launch spot bitcoin and ether ETFs on ASX, Bloomberg said . 

The U.S. introduced its first spot crypto ETFs in January. The 11 spot bitcoin funds in the U.S. have since amassed nearly $50 billion in total net assets. Hong Kong also introduced spot ETFs for bitcoin and ether in April.