ASX bitcoin ETF launch opens gates to wider cryptocurrency industry
Joshua PeachMarkets reporter
Updated
The Australian Securities Exchange’s first bitcoin-linked exchange-traded fund is expected to open the door to a flurry of similar crypto products, prompting the markets watchdog to caution investors against jumping into the highly volatile asset class.
The Australian Financial Review revealed on Saturday that exchange operator ASX had approved the VanEck Bitcoin ETF which will begin trading on Thursday, following a three-year push from the investment firm.
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