DigitalX Bitcoin ETF approved by the ASX

DigitalX Bitcoin ETF approved by the ASX

Digital asset technology and investment company DigitalX have announced that it has achieved Australian Securities Exchange (ASX) approval of its DigitalX Bitcoin ETF, making it one of the first spot Bitcoin ETFs listed on the ASX providing direct exposure to digital assets on the exchange. 

The DigitalX Bitcoin ETF will operate under the ASX ticker “BTXX” and will provide a simple, liquid, and regulated structure for investors to gain exposure to the emerging digital asset sector, without the requirement of holding  a digital wallet.   

BTXX will operate as the only ASX-listed locally-domiciled ETF offering direct exposure to Bitcoin, greater transparency and regulatory oversight to investors. 

The ETF will commence trading on Friday 12 July 2024 at 10:00AM AEST.  

ASX-listed diversified financial services firm K2 Assessment Management will act as the responsible entity for the ETF, offering many years’ experience managing ASX-listed ETFs, compliance systems, and Australian financial services licence requirements. 

Global leader in digital asset investment, 3iQ, will work together with DigitalX to promote and distribute the ETF in Australia and internationally, leveraging 3iQ’s global track record of managing and distributing digital asset ETFs.  

The move was a natural one, given DigitalX’s status as Australia’s first and only ASX-listed digital asset fund manager for over ten years, according to CEO, Lisa Wade.

Lisa Wade (pictured), CEO of DigitalX, said, “Offering the DigitalX Bitcoin ETF to the Australian market is a watershed moment for DigitalX, and for the Australian digital asset investment market overall. Enabling Australians to invest in Bitcoin in a, secure and affordable manner, and without having to manage digital wallets, will be a game changer.

“I would like to thank the teams at K2 and 3iQ for contributing their invaluable expertise and experience to making this a success.”