Back to the list

Bloomberg Analyst Predicts $1B Influx from VanEck Spot Bitcoin ETF on ASX

source-logo  coingape.com 21 June 2024 22:14, UTC

The introduction of VanEck‘s spot Bitcoin ETF on the Australian Securities Stock Exchange (ASX) is set to significantly enhance the digital asset market in the Asia Pacific region. According to Bloomberg analyst Eric Balchunas, the ETF’s debut could funnel approximately $1 billion in assets under management into Australian digital asset ETFs, bolstering regional growth.