Topic: [2024-07-09] Asset Manager Digitalx Set to Launch Second Bitcoin ETF ... (Read 68 times)

Asset Manager Digitalx Set to Launch Second Bitcoin ETF on Australia’s Main Stock Market

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

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. Known as the Digitalx Bitcoin ETF, this investment product is scheduled to debut on July 12 under the ticker BTXX.

According 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. Additionally, 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

In addition to its role in establishing the ETF, 3iQ will assist Digitalx in promoting and distributing the investment product both in Australia and internationally. Lisa Wade, CEO of Digitalx, expressed excitement about the planned launch. She said:

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 customers with direct access to Bitcoin via a regulated and liquid fund structure.

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

Toby Hicks, the chairman of Digitalx, stated that the asset management firm’s growth and experience over the past 10 years position 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, ensuring that the Bitcoin ETF can be successfully delivered.

Source: https://news.bitcoin.com/asset-manager-digitalx-set-to-launch-second-bitcoin-etf-on-australias-main-stock-market/