
KEY POINTS
- 69% of Australians consider BTC to be money, a store of value, or an investment class: IRCI 2024
- The VBTC's launch in Australia could "fuel a vote of confidence among investors": Bitget Country Manager Jamie Elkaleh
- Australia is also working toward establishing a regulatory framework for the local crypto sector
Australia has gradually opened up to the cryptocurrency industry, and recently, a major development in the form of VanEck launching the first spot Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX), has drawn the world's attention to the country's openness to the emerging sector.