{"id":341955,"date":"2024-07-09T18:59:05","date_gmt":"2024-07-09T17:59:05","guid":{"rendered":"https:\/\/coinfomania.com\/?p=341955"},"modified":"2024-07-09T18:59:10","modified_gmt":"2024-07-09T17:59:10","slug":"digitalx-announces-australias-second-spot-bitcoin-etf-on-asx","status":"publish","type":"post","link":"https:\/\/coinfomania.com\/digitalx-announces-australias-second-spot-bitcoin-etf-on-asx\/","title":{"rendered":"DigitalX Announces Australia\u2019s Second Spot Bitcoin ETF on ASX"},"content":{"rendered":"\n<p><strong>DigitalX Ltd is set to debut its Bitcoin ETF (ASX: BTXX) on the Australian Securities Exchange (ASX) starting Friday, July 12, 2024, at 10:00 AM AEST.&nbsp;<\/strong><\/p>\n\n\n\n<p>This ETF will give ASX customers direct access to Bitcoin through a regulated and liquid fund. DigitalX CEO Lisa Wade emphasized the launch&#8217;s significance, calling it a milestone for the company and the Australian digital asset investment market.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\ud83c\udf89\ud83c\udf89 DigitalX Limited is pleased to announce thats its DigitalX Bitcoin ETF (ASX: BTXX) will be admitted to quotation and commence trading on the ASX as of Friday, 12 July 2024 at 10:00AM AEST.<a href=\"https:\/\/twitter.com\/DigiXCEO?ref_src=twsrc%5Etfw\">@DigiXCEO<\/a>, Lisa Wade said: &quot;We are pleased to now be able to deliver and offer this\u2026 <a href=\"https:\/\/t.co\/iZqt09rFtV\">pic.twitter.com\/iZqt09rFtV<\/a><\/p>&mdash; DigitalX Ltd (@DigitalXLtd) <a href=\"https:\/\/twitter.com\/DigitalXLtd\/status\/1810461336612344144?ref_src=twsrc%5Etfw\">July 8, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><strong>Australia\u2019s Second Spot Bitcoin ETF<\/strong><\/p>\n\n\n\n<p>Australia&#8217;s top stock exchange has approved its second-spot Bitcoin ETF, managed by DigitalX in partnership with 3iQ and K2. Under the ticker BTXX, the new exchange-traded fund (ETF) is expected to improve investing options for Australians who want exposure to Bitcoin without dealing with the hassles of digital wallet management.<\/p>\n\n\n\n<p>K2 will manage the ETF, which has experience managing ASX-listed ETFs. DigitalX and 3iQ will promote and distribute the ETF in Australia and internationally. This teamwork aims to make Bitcoin investment easier and safer for Australians.<\/p>\n\n\n\n<p>The introduction of DigitalX\u2019s Bitcoin ETF is pivotal for the crypto asset market. <a href=\"https:\/\/coinfomania.com\/vaneck-pledge-5-bitcoin-etf-profits-to-core-developers\/\">VanEck&#8217;s first spot Bitcoin ETF<\/a> was approved on June 20th, following three years of negotiations with the ASX.\u00a0<\/p>\n\n\n\n<p>Unlike DigitalX, VanEck\u2019s ETF invests indirectly through the US VanEck Bitcoin Trust, which received SEC approval in January.<\/p>\n\n\n\n<p>Despite recent market ups and downs, including Bitcoin&#8217;s drop from its March peak, investor interest is still strong. Bitcoin&#8217;s price fell below $54,000 last week but has bounced back to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$57,559<\/a>, staying above the $57K level.<\/p>\n\n\n\n<p>This dip has been seen as a buying opportunity, with investment inflows reaching over $440 million last week. ETF net inflows surged to nearly $300 million, reflecting robust investor confidence.<\/p>\n\n\n\n<p>Globally, <a href=\"https:\/\/coinfomania.com\/spot-ethereum-etfs-set-for-sec-approval-by-july-4-sources-confirm\/\">the approval of cryptocurrency ETFs<\/a> has seen mixed results. While the US market has attracted billions in investments since January, Hong Kong\u2019s ETFs, approved in April, have seen lower-than-expected interest. Nevertheless, historical trends suggest that July could be a bullish month for the crypto market, with the community optimistic about continued positive momentum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DigitalX Ltd is set to debut its Bitcoin ETF (ASX: BTXX) on the Australian Securities Exchange (ASX) starting Friday, July [&hellip;]<\/p>\n","protected":false},"author":52,"featured_media":341975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1811,5],"tags":[54,11,51,128],"ppma_author":[1759],"class_list":["post-341955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining-news","category-crypto-news","tag-bitcoin","tag-crypto-news","tag-cryptocurrencies","tag-regulation"],"acf":[],"authors":[{"term_id":1759,"user_id":52,"is_guest":0,"slug":"victor-muriki","display_name":"Victor Muriki","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/1c1862d1444b04b9e171e111cbd743b5?s=96&r=g","first_name":"Victor","twitter":"https:\/\/twitter.com\/VictorMuriki1","instagram":"https:\/\/www.instagram.com\/i.am_sheriff\/","linkedin":"https:\/\/www.linkedin.com\/in\/victor-muriki-0a5618253\/","user_url":"","last_name":"Muriki","facebook":"https:\/\/www.facebook.com\/profile.php?id=100086410154112","description":"Victor Muriki is an esteemed writer focused on cryptocurrency and finance, holding a Bachelor's in Actuarial Science. Known for his sharp analysis and insightful content, he has a strong command of English and is skilled at conducting in-depth research and ensuring timely delivery."}],"_links":{"self":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/341955"}],"collection":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/comments?post=341955"}],"version-history":[{"count":1,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/341955\/revisions"}],"predecessor-version":[{"id":341992,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/341955\/revisions\/341992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media\/341975"}],"wp:attachment":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media?parent=341955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/categories?post=341955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/tags?post=341955"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/ppma_author?post=341955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}