DigitalX: ASX to Introduce Second Spot Bitcoin ETF
Blockchain-focused asset manager DigitalX has received regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF), becoming the second Bitcoin ETF to trade on the Australian Securities Exchange (ASX).
The DigiX Bitcoin ETF will be listed under the ticker BTXX on July 12 at 10 am local time, the firm revealed in a July 8 post on X.
The approval to list BTXX was described as a “watershed moment” by CEO Lisa Wade.
“The DigitalX Bitcoin ETF is a spot ETF product that provides ASX customers with direct access to Bitcoin via a regulated and liquid fund structure,” Wade stated.
“It is exciting to see the growth and development of the digital assets markets reflected in this approval” in Australia, added DigitalX’s Chair Toby Hicks.
DigiX Bitcoin has partnered with investment management firm K2 Asset Management to serve as the responsible entity and issuer of the spot Bitcoin ETF.
Additionally, DigiX will collaborate with cryptocurrency-focused investment firm 3iQ to promote and distribute the product both in Australia and internationally.
