The ASX, Australia’s largest stock exchange, also seems to be indifferent to Bitcoin spot ETFs. According to the US media outlet Bloomberg, the $2.7 trillion ASX exchange will list several Bitcoin spot ETFs by the end of this year.

New approvals are also coming

In Australia, Bitcoin and Ether spot ETFs have been listed and traded on the CBOE Australia exchange since 2022. Currently, only Global X 21Shares has Bitcoin and Ethereum ETFs in the country… However, some companies, including VanEck, have recently applied for new Bitcoin spot ETFs. Among them are Australia-based BetaShares and DigitalX.

The ASX exchange manages about 80% of the stock market in the country. Most of the transactions are carried out through this exchange. Therefore, the arrival of Bitcoin spot ETFs on the ASX will provide a huge liquidity shift to this area.

Speaking to The Block, an ASX spokesperson stated, “We are in discussions with some companies that have issued and will issue ETFs,” but did not give details.

Bitcoin spot ETFs, which opened for trading in the US on January 11, have received a total investment of $53 billion. Bitcoin and Ether spot ETFs will start listing in Hong Kong tomorrow.