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International Business Times
International Business Times
Business
Marvie Basilan

VanEck's Bitcoin ETF Entry In Australia Highlights Country's 'Futuristic' Views Of Crypto

VanEck's VBTC went live on the ASX last month. (Credit: ASX Twitter)

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.

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