First Bitcoin ETF to List on Australia’s Bourse in Global Wave

An exchange-traded fund investing directly in Bitcoin will list on Australia’s main stock market for the first time, kicking off another wave of such listings after similar products began trading in the US and Hong Kong.

Exchange operator ASX Ltd., which handles the bulk of the country’s stock trading, has approved the VanEck Bitcoin ETF which will be listed on Thursday, VanEck said in a press release on Saturday.

“We recognize Bitcoin is an emerging asset class that many advisers and investors want to access,” Arian Neiron, chief executive officer for VanEck in the Asia-Pacific region, said in ...