tl;dr
Australia's primary stock market, the Australian Securities Exchange (ASX), is set to debut the VanEck Bitcoin ETF on June 20, marking the country's first ETF directly investing in Bitcoin. The ASX has confirmed VanEck as the initial approved applicant, with ongoing discussions with other potential ...
Australian Securities Exchange (ASX) is set to launch the VanEck Bitcoin ETF on June 20, marking the country's first ETF directly investing in Bitcoin. VanEck has been confirmed as the initial approved applicant, with ongoing discussions with other potential issuers. This follows the launch of similar products in the United States and Hong Kong earlier this year.
Australian firms such as BetaShares Holdings and DigitalX are also preparing to list spot Bitcoin and Ethereum funds on the ASX. Analysts compare Bitcoin to gold, emphasizing its potential as a store of value and an inflation hedge. Despite these positive developments, the broader crypto market, including Bitcoin, is experiencing significant volatility, with Bitcoin struggling to regain its March peak and market fluctuations resulting in over $130 million in liquidations in the past 24 hours.
The ASX confirmed VanEck as the initial approved applicant for the Bitcoin ETF, with ongoing discussions with other potential issuers. VanEck’s CEO in the Asia-Pacific region noted the emerging interest in accessing Bitcoin as an asset class among advisers and investors.
Australia's entry into the crypto market is highly anticipated, following in the footsteps of the United States and Hong Kong, where similar products were launched earlier this year. The US debut of Bitcoin ETFs attracted significant attention, amassing $57 billion, while Hong Kong’s spot Bitcoin ETFs have attracted $1.09 billion in assets.
Other Australian firms, including BetaShares Holdings and DigitalX, are also preparing to list on the ASX. Analysts are drawing comparisons between Bitcoin and gold, citing its role as a store of value and an inflation hedge, supported by historical trends such as the launch of the gold ETF in 2004.
Despite these positive developments, the broader crypto market, including Bitcoin, is experiencing significant volatility. Bitcoin is currently trading below $66,000, struggling to regain its March peak, and market fluctuations have resulted in over $130 million in liquidations in the past 24 hours.
More about ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of electric vehicles and batteries.
Sector: Technology
Industry: General
Support Level: None
Resistance Level: None
RSI: 0
Moving Average: 0
Bollinger Bands: 0
Breakout: None
Pattern: 0
Trend: 0
More about DR Horton Inc
D.R. Horton, Inc. is a home construction company incorporated in Delaware and headquartered in Arlington, Texas.
Industry: Real Estate & Construction
Sector: Operative Builders
Market Cap: 47,019,168,000
P/E Ratio: 9.74
EPS: 1.1
Earnings Per Share (EPS) Growth: 14.66%
52-Week High: 110.59
52-Week Low: 0.134
Average Volume: 37,062,902,000
Price to Earnings Growth (PEG) Ratio: 167.08
Price to Sales (P/S) Ratio: 0.289
Price to Book (P/B) Ratio: 0.142
More about Core Scientific Inc. Common Stock
Company: Core Scientific Inc. Common Stock
Description: Core Scientific, Inc. provides blockchain and artificial intelligence (AI) infrastructure services in the United States. The company is headquartered in Austin, Texas.
Sector: Technology
Industry: Services-Computer Processing & Data Preparation
Market Cap: 542,047,000
Dividend Yield: None
EPS: 1.323
P/E Ratio: -0.491
Volume: 502,400,000
Stock Price: 6.75
52 Week High: 0
52 Week Low: 0.171
More about Argo Blockchain PLC ADR
Argo Blockchain PLC ADR Analysis Argo Blockchain PLC ADR Technical Analysis Summary
Sector: FINANCE
Industry: FINANCE SERVICES
Volume: 74,453,000
Price Change: -0.6
Price Change (%) : 1.2
RSI (Relative Strength Index): -0.517
Market Cap: 56,134,000
EMA (Exponential Moving Average) 20: 1.17
EMA 50: -0.94
Bollinger Bands (20,2): 0.495
More about ASE Industrial Holding Co Ltd ADR
ASE Industrial Holding Co Ltd ADR Summary
Industry: Manufacturing, Semiconductors & Related Devices
Market Cap: $24.38 billion
Current Price: $22.58
PE Ratio: 5.2
EPS: 0.5
ROE: 271.43%
Dividend Yield: 0.0541
Volume: 583,826,276
Beta: 9.9
Net Income Margin: -1.9%
Operating Margin: 1.5%