Digital asset funds management firm DigitalX has received Australian Securities Exchange (ASX) approval for the listing of its DigitalX Bitcoin ETF.
The company (ASX:DCC) will now offer one of the first listed spot Bitcoin ETFs, providing direct exposure to digital assets on the exchange.
DigitalX CEO Lisa Wade
CEO Lisa Wade said the DigitalX Bitcoin ETF (ASX:BTXX) will provide a simple, liquid, and regulated structure for investors to gain exposure to the emerging digital asset sector, without them needing to hold a digital wallet.
“Offering the DigitalX Bitcoin ETF to the Australian market is a watershed moment for DigitalX, and for the Australian digital asset investment market overall,” she said.
“Enabling Australians to invest in Bitcoin in a secure and affordable manner, and without having to manage digital wallets, will be a game-changer.”
The ETF will commence trading on Friday, July 12, at 10am.
BTXX will operate as the only ASX-listed locally-domiciled ETF offering direct exposure to Bitcoin, greater transparency and regulatory oversight.
ASX-listed diversified financial services firm K2 Assessment Management (ASX:KAM) will act as the responsible entity for the ETF.
Global leader in digital asset investment, 3iQ, will work together with DigitalX to promote and distribute the ETF in Australia and internationally.
DigitalX was the world’s first listed blockchain technology company, and the only ASX-listed digital asset fund manager.
It designs and develops blockchain technology applications for business and enterprise organisations, while the asset management division offers low-cost traditional asset management products for qualified investors looking to gain exposure to the growing alternative asset class of digital assets, including Bitcoin.
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