Bitcoin ETF Fad Heads to Australia After $53 Billion Haul in US

Australia is set for a wave of Bitcoin exchange-traded fund launches, following in the footsteps of the US and Hong Kong, as issuers like Van Eck Associates Corp. and BetaShares Holdings Ptyline up for listings.

ASX Ltd., which handles around four-fifths of the country’s equity trading, is expected to approve the first spot-Bitcoin ETFs for the main board before the end of 2024, according to people familiar with the matter, who asked not to be identified as the information is private.

The applications come in the wake of the $53 billion amassed by US Bitcoin ETFs this year, ...