VanEck’s Spot Bitcoin ETF Goes Live on Australia’s Biggest Stock Exchange

The VanEck Bitcoin ETF (VBTC), which offers Australians a way of investing in bitcoin through exposure to the company’s U.S. equivalent, debuted on the Australian Securities Exchange (ASX) on Thursday. VBTC rose 1% from its opening price to end the day at A$20.06 ($13.4) after trading 99,791 shares. The ETF is a feeder fund that provides exposure to bitcoin by investing in the company’s Bitcoin Trust (HODL), a U.S. ETF listed on Cboe. The start of trading, weeks after an ETF from Monochrome Asset Management listed on a smaller exchange, is a sign the global BTC ETF wave has arrived in the country. Read more on CoinDesk.