tl;dr
Perth-based crypto fund manager DigitalX has received regulatory approval to list its spot Bitcoin exchange-traded fund (BTXX) on the Australian Securities Exchange (ASX) this week. The ETF, which will provide direct access to Bitcoin, is the second to be listed on the ASX, following VanEck's listin...
Perth-based DigitalX has received regulatory approval to list its spot Bitcoin exchange-traded fund (BTXX) on the Australian Securities Exchange (ASX). This ETF offers direct access to Bitcoin and is the second to be listed on the ASX, following VanEck's listing. Trading will commence on Thursday, with K2 Assessment Management serving as the Responsible Entity and Issuer. DigitalX has partnered with 3iQ for domestic and international ETF promotion and distribution. The BTXX offering is insulated from U.S. politics and is answerable only to Australia's domestic rules and laws.
Past Bitcoin ETF listings in Australia have faced market challenges. The ASX, accounting for roughly 80% of the country's equities trading volume, is considered more liquid and broadly accepted than its main rival, Cboe Australia. Getting a listing on the ASX involves meeting all regulatory requirements and standards. Unlike VanEck's VBTC, DigitalX's offering is not tied to U.S. politics, insulating Australian investors from external developments.
Australia has seen previous similar products, with the Global X 21Shares' Bitcoin ETF (EBTC) launching on Cboe Australia in April 2022. Cosmos Asset Management introduced the Cosmos Purpose Bitcoin Access ETF, which was later delisted, and Monochrome Asset Management listed its own product, IBTC, on the Cboe Australia exchange in June 2022. These developments showcase the increasing presence of Bitcoin ETFs within the Australian market.
Overall, the approval of DigitalX's spot Bitcoin ETF listing on the ASX reflects the growing interest and investment opportunities in cryptocurrency within the Australian financial landscape.
More about ASE Industrial Holding Co Ltd ADR
ASE Industrial Holding Co Ltd ADR Summary
Industry: Manufacturing - Semiconductors & Related Devices
Market Cap: $25.29 billion
Current Price: $23.90
52-Week Range: $5.20 - $23.90
Price/Earnings Ratio: 0.49
EPS: $271.43
Dividend Yield: 0.0541
Shares Outstanding: 583.83 million
Beta: 0.9
Volatility: -0.019
Performance: 0.015
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More about Enterprise Bancorp Inc
Enterprise Bancorp Inc,Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all of its operations through Enterprise Bank and Trust Company, commonly known as Enterprise Bank, and has reported 126 consecutive profitable quarters.
Industry: FINANCE
Sector: STATE COMMERCIAL BANKS
Market Cap: 285,237,000
P/E Ratio: 7.92
EPS: 0.93
ROE: 2.91%
Dividend Yield: 13.01%
Beta: 0.224
Shares Outstanding: 159,515,000
Next Earnings Date: None
Price Change (1yr): -21.6%
Price Change (YTD): -4.6%