Australia's DigitalX to launch spot bitcoin ETFs on ASX (updated)

K2 Asset Management Holdings

09/07/2024 01:50

(Adds details from paragraph 2)
       July 9 (Reuters) - Australia's DigitalX  DCC.AX  said on
Tuesday that it has obtained approval to list its spot bitcoin
exchange-traded fund on the Australian Securities Exchange. 
    The ETF will operate under the ASX ticker BTXX, and will
commence trading on Friday, according to a press statement. 
    K2 Asset Management  KAM.AX  will act as the issuer of the
ETF and digital asset manager 3iQ will promote and distribute
the ETF domestically and internationally. 
    "Our offering will enable Australians to invest in Bitcoin,
without having to manage digital wallets, in a cost effective
and secure manner," DigitalX Chief Executive Officer Lisa Wade
said in the statement. 

 (Reporting by Archishma Iyer in Bengaluru; Editing by Mrigank
Dhaniwala)
 ((Archishma.Iyer@thomsonreuters.com;))