HomeBTC UpdatesDigitalX to List Bitcoin ETF on ASX Exchange Due to High Demand

DigitalX to List Bitcoin ETF on ASX Exchange Due to High Demand

Published on


DigitalX to Launch Spot Bitcoin ETF on ASX: Second Asset Manager to Secure Approval

DigitalX, a prominent asset manager, is set to launch a spot Bitcoin ETF on Australia’s main stock market, ASX Ltd. This move will make DigitalX the second asset manager, after VanEck, to secure approval for listing on the ASX exchange.

The DigitalX Bitcoin ETF is scheduled to go live on July 12, as announced by the company on Tuesday, July 9. The ETF will be listed under the ticker BTXX and will be a collaboration between DigitalX, K2 Asset Management, and 3iQ. This development comes shortly after VanEck’s listing on ASX in June and BetaShares Holdings Pty’s application to launch Bitcoin and Ether ETFs on the exchange.

Lisa Wade, CEO of DigitalX, expressed her belief that the listing of the Bitcoin ETF will attract new entrants to the market and enable institutions to include digital assets in their strategic asset allocations. The listing on ASX is expected to bring in more liquidity and trading volume for Bitcoin ETFs, with Bloomberg predicting potential inflows of $1 billion for VanEck’s Bitcoin ETF.

In the US, spot BTC ETFs saw strong inflows totaling $295 million on Monday, July 8, despite a dip in the BTC price to $54,000. Investors, including corporate players like Metaplanet, showed interest in buying the Bitcoin dips. Notably, Blackrock’s Bitcoin ETF IBIT received the highest inflows of $187 million, followed by Fidelity FBTC with $61.5 million and Grayscale’s GBTC with $25 million in inflows.

The recent inflows in BTC ETFs suggest a potential trend reversal in July, as the BTC price has rebounded to $57,500 after hitting lows below $53,500. This trend indicates growing interest from institutional investors in Bitcoin ETFs and the cryptocurrency market as a whole.

Latest articles

Barron Trump’s College Decision: A Look at His Family’s Graduation Legacy – Latest News and Live Updates on July 11, 2024

Latest Live Updates: Thu, 11 Jul 2024 The Trump family has been making headlines...

Top Reasons Why Investing in Ethereum and Solana is a Smart Move Today

Ethereum and Solana Market Dips: ETFs, Innovation, and DeFi Surge Title: Ethereum and Solana...

Were the Bitcoin Market Saved by Them?

Bitcoin Price Analysis and Market Trends The cryptocurrency market is experiencing a rollercoaster ride...

Examining Key Support Levels and Market Sentiment

Analyzing Bitcoin's MVRV Ratio and Market Trends: Implications for Investors and Market Stability Bitcoin...

More like this

Barron Trump’s College Decision: A Look at His Family’s Graduation Legacy – Latest News and Live Updates on July 11, 2024

Latest Live Updates: Thu, 11 Jul 2024 The Trump family has been making headlines...

Top Reasons Why Investing in Ethereum and Solana is a Smart Move Today

Ethereum and Solana Market Dips: ETFs, Innovation, and DeFi Surge Title: Ethereum and Solana...

Were the Bitcoin Market Saved by Them?

Bitcoin Price Analysis and Market Trends The cryptocurrency market is experiencing a rollercoaster ride...
bitcoin
Bitcoin (BTC) $ 88,947.83
ethereum
Ethereum (ETH) $ 1,637.17
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.10
bnb
BNB (BNB) $ 606.82
solana
Solana (SOL) $ 141.45
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.164548
tron
TRON (TRX) $ 0.244183
cardano
Cardano (ADA) $ 0.640529