Vaneck, a prominent global investment company, has revealed the introduction of the Vaneck Bitcoin ETF (VBTC), marking a significant milestone as the first Bitcoin exchange-traded-fund to be listed on the Australian Securities Exchange (ASX). Scheduled to kick off trading on June 20, 2024, this ETF is being hailed as the most cost-efficient method for Australian investors to gain exposure to Bitcoin. Arian Neiron, Vaneck’s CEO for the Asia-Pacific region, highlighted the increasing desire for Bitcoin investment opportunities in Australia and expressed his delight in introducing Bitcoin as a regulated financial product to the Australian market. This move comes on the heels of the US SEC’s approval of Bitcoin ETFs earlier this year and the presence of Bitcoin ETNs on various European stock exchanges.
