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First Bitcoin ETF to launch in Australia in 2024: Bloomberg
Australia moves to approve its first spot bitcoin ETFs this year, joining the US and Hong Kong in offering regulated Bitcoin funds. Approval could unlock billions in institutional investment.
The Australian Securities Exchange (ASX), which accounts for the majority of trading volume in Australia, is expected to approve the country's first spot bitcoin ETFs on ASX before the end of 2024, according to a recent Bloomberg report citing anonymous sources familiar with the matter.
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