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International Business Times
International Business Times
Business
Marvie Basilan

VanEck To Launch Australian Securities Exchange's First Spot Bitcoin ETF

VanEck's spot Bitcoin ETF is launching on the ASX Thursday, June 20, 2024. VanEck YouTube Channel | VanEck Bitcoin Trust (HODL) (Credit: VanEck YouTube/Screenshot)

KEY POINTS

  • VanEck said it has been engaging with regulators over the fund since early 2021
  • VanEck's Arian Neiron said the fund helps manage the 'back-end complexity' related to BTC acquisition
  • The US investment firm is among the applicants waiting for US SEC approval to issue a spot ETH ETF

American investment firm VanEck will launch the first spot Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) after it overcame "hurdles" to provide Australian investors with regulated access to the world's first decentralized cryptocurrency.

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