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Thursday 25 July 2024

DigitalX (ASX:DCC): Wins approval of its Bitcoin ETF

DigitalX Limited (ASX: DCC) is pleased to announce the successful approval of its DigitalX spot Bitcoin ETF (“ASX: BTXX”) for quotation on the Australian Securities Exchange (“ASX”). The DigitalX spot Bitcoin ETF, when quoted, will be one of the first spot Bitcoin ETFs quoted on the ASX, and has been established by DigitalX in partnership with K2 Assessment Management (“KAM”) acting as the Responsible Entity and 3iQ, a global digital asset investment company.

The DigitalX Bitcoin ETF will operate under the ASX ticker BTXX, and provide a simple, liquid, and regulated structure for investors to gain exposure to the emerging digital asset sector without the requirement to hold a digital wallet. DigitalX is working with ASX-listed K2 Asset Management (ASX: KAM) (K2) to act as the Responsible Entity and Issuer for the ETF, leveraging their many years of experience in operating ASX-listed ETFs, compliance systems, and Australian financial services license requirements.

DigitalX and 3iQ will work together to promote and distribute the ETF in Australia and internationally. 3iQ is a global leader in digital asset investment with a global track record of managing and distributing digital asset ETFs

Highlights:

  • The DigitalX spot Bitcoin ETF will be one of the first spot Bitcoin ETFs quoted on the ASX
  • DigitalX and 3iQ will work together to promote and distribute the ETF in Australia and internationally.
  • The DigitalX Bitcoin ETF will operate under the ASX ticker BTXX

 

Commentary:

DigitalX CEO, Lisa Wade said: “We are pleased to now be able to deliver and offer this spot Bitcoin ETF to the Australian market. This is a watershed moment for us as a business and for the Australian digital asset investment market. The DigitalX Bitcoin ETF is a spot ETF product that provides ASX customers with direct access to Bitcoin via a regulated and liquid fund structure.

DigitalX has one of the longest track records in the world managing digital assets and we are excited to share our expertise with Australians to access Bitcoin in a secure way. Our offering will enable Australians to invest in Bitcoin, without having to manage digital wallets, in a cost-effective and secure manner.

“I would like to take this opportunity to thank the team at K2 and 3iQ, our strategic partners on this, who lent very valuable experience to navigate this success. Our purpose for offering this product remains the same – to offer Australians a safe, secure, and affordable way to access Bitcoin exposure into their portfolios.”

ASX announcement: 

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