The Australian Securities Exchange (ASX), which makes up 90% of Australia’s stock market, has given the green light for its first spot-bitcoin exchange-traded fund (ETF), according to a post from VanEck, the issuer.

This fund mainly serves as a ‘feeder fund’ and uses a passive management approach, as stated in the disclosure. It offers investors a way to invest in bitcoin by putting money into the VanEck Bitcoin Trust (‘HODL’), a U.S. ETF listed on the Cboe BZX Exchange.

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