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Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End

The Australian Securities Exchange (ASX), which accounts for 90% of Australia’s equity market, is expected to approve the first spot-Bitcoin {BTC} exchange-traded funds (ETFs) before the end of 2024, Bloomberg has reported, citing people familiar with the matter. Local entity, DigitalX Ltd. applied in February, the report said. VanEck resubmitted an application in February, it was announced last month. ASX said it could not add anything to its last email response to a CoinDesk request for comment in January. Momentum for Bitcoin ETFs in and around Asia has picked up after U.S. approvals. Hong Kong officially approved the first batch of spot bitcoin and ether ETFs last week.

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