Yesterday VanEck's new Bitcoin ETF (VBTC) debuted on the ASX, making it the first Bitcoin ETF available to trade on the ASX. $VanEck Bitcoin ETF(VBTC.AU)$rose 1% from its opening price to $20.06 (US$13.4) after trading 99,791 shares, closing its first day of trading with $1.9 million (US $1.3 million) in trading volume. There have been some past additions to Australia's Bitcoin ETF collection, including the mos...
Since its inception, Australia's Bitcoin ETF has acquired a total of 50 BTC. Bitcoin ETFs provide a regulated way for investors to gain exposure to Bitcoin without needing to directly hold the cryptocurrency themselves.
In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly. Meanwhile, FDIC said the US banking system is at high risk of insolvency as 63 banks have $517 billion in unrealized losses in Q1 2024.