Australia follows the US and Hong Kong with the launch of its first spot Bitcoin ETF

Australia has joined the United States (US) and Hong Kong to launch its first Spot Bitcoin ETF. This development is seen as a major milestone for the crypto industry, as it exposes investors in Australia to Spot Bitcoin ETFs and democratizes access to the digital asset globally. ETFSwap (ETFS) stands to benefit the most as it offers a platform where investors can securely trade these lucrative assets.

ETFSwap (ETFS) to launch a trading platform for crypto and tokenized ETFs 

ETFSwap has witnessed a surge of demand and interest from global users, spurred on by the previous launch of Spot Bitcoin ETFs in the US and the recent debut of Spot Bitcoin ETFs in Australia. As a decentralized exchange, ETFSwap (ETFS) aims to bridge the gap between the traditional finance sector and the evolving Decentralized Finance (DeFi) space. This innovative platform offers users access to cryptocurrency and futures spot ETFs, leveraged ETFs, commodity ETFs, and fixed-income ETFs.

By utilizing its innovative platform, users can potentially amplify their investment returns, accessing up to 10x leverage on all trades, 50x leverage on perpetual futures and options trading, and an 87% APR yield when investing in ETFSwap’s native token, ETFS. ETFswap (ETFS) also has advanced trading features, including reduced trading fees, faster transactions, 24/7 risk management services, round-the-clock access to the platform, and efficient ETF management services.

This platform is designed to cater to both experienced and movie investors, offering a user-friendly interface with advanced trading features. Some of these features include reduced trading fees, faster transactions, 24/7 risk management services, round-the-clock access to the platform, and efficient ETF management services.

Furthermore, ETFSwap (ETFS) prioritizes user safety and privacy by eliminating KYC restrictions, ensuring users can trade anonymously and securely on its platform. ETFSwap’s smart contracts have also undergone a stringent audit process by renowned cybersecurity and blockchain audit firm CyberScope, which revealed advanced security protocols protecting users from possible cyber threats.

At the heart of ETFSwap’s decentralized ecosystem is its native token, ETFS. The ETFS cryptocurrency is an ERC-20 token built on the Ethereum blockchain that allows users to execute swift transactions anonymously on the blockchain. 

By investing in this token, investors can gain access to ETFSwap’s innovative platform to trade tokenized ETFs. These tokens are currently available on ETFSwap’s ongoing second presale stage for $0.01831.

The first presale stage was a record-breaking success, selling over 200 million tokens and raising more than $1.3 million. This achievement underscores the increasing demand among investors and traders for ETFSwap’s innovative platform. 

Australia launches first Spot Bitcoin ETF

Australia has officially debuted its first Spot Bitcoin ETF, with Monochrome Asset Management, an Australian-based multi-investment and crypto asset firm, leading the launch.

Monochrome Asset Management has released its Spot Bitcoin ETF with the ticker IBTC. The Bitcoin ETF began trading on Cboe, an Australian exchange, on June 4, and it has an annual management fee of 0.98%. 

According to the reports, the newly launched Spot Bitcoin ETF aims to provide direct exposure to BTC for Australian investors. This approach potentially eliminates risks associated with Bitcoin’s volatility as well as its complexities and technical difficulties. Investors will be able to own Bitcoin indirectly by tracking the CME CF Bitcoin Reference Rate (BRR) index, which ties the price of Bitcoin directly to its Spot value. 

The launch of IBTC presents a major milestone for the digital asset industry, facilitating global adoption and fueling more growth in the cryptocurrency industry. It also underscores Australia’s robust regulatory framework for digital assets, which aims to advance its digital asset sector while providing secure and accessible trading and investment products and opportunities for its citizens. 

australia launches first spot bitcoin etf

Conclusion on Spot Bitcoin ETFs Global Accessibility 

With Spot Bitcoin ETFs extending their reach into Australian markets, numerous investors from different regions within the nation can have access to this innovative investment product. Innovative crypto and ETF exchanges like ETFSwap (ETFS) will ensure these investors can buy and trade tokenized institutional ETFs, enjoying the numerous techno features and benefits that come with the platform. 

For more information about the ETFS presale:-

Visit ETFSwap Presale

Join The ETFSwap Community

Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

Related Articles

Back to top button
Bitcoin (BTC) $ 67,809.17
Ethereum (ETH) $ 3,501.52
Tether (USDT) $ 1.00
BNB (BNB) $ 606.82
Solana (SOL) $ 150.28
XRP (XRP) $ 0.487381
Dogecoin (DOGE) $ 0.143699
Cardano (ADA) $ 0.429707