Bitcoin ETF - Register your interest
Australia’s corporate regulator, ASIC, recently released a set of guidelines and requirements which effectively give the green light to a range of cryptocurrency-related ETFs including bitcoin. As a global investment manager with expertise in digital assets and cryptocurrency products, VanEck is looking to launch a spot-based bitcoin ETF*.
* ETF not currently available and is subject to regulatory and market operator approval.
You are now able to register your interest for a bitcoin ETF.
Bitcoin is often called ‘digital gold’ because, like the metal, it is a potential store of value. Bitcoin was the first cryptocurrency. A decentralised currency independent of governments and central banks. It was designed as a peer-to-peer electronic medium of exchange and since its creation in 2009 has undergone rapid growth and change. It has become a significant currency both on- and offline and currently has a market capitalisation in excess of US$1.15 trillion.
As VanEck’s mantra is, ‘Access the opportunities’, for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we too understood and consider the ETF vehicle is the optimal delivery mechanism for an asset class like bitcoin.
With our global reach, VanEck is able to leverage expertise and infrastructure in offering Australian investors a best-in-class cryptocurrency solution and we are excited by ASIC’s recent report to help facilitate crypto-asset ETPs in Australia. ASIC’s move will allow Australia to become a leading jurisdiction globally.
It is only a matter of time before investors will finally be able to access bitcoin through an ETF and consolidate their administration and reporting just like shares and other ETFs.
* Please note that this product is not yet available.
Published: 07 November 2021
Important Notice: This information is prepared in good faith by VanEck Investments Limited ABN 22 146 596 116 AFSL 416755 (‘VanEck’). Units in the Fund are not currently available and a PDS has not yet been issued. A PDS and Target Market Determination (TMD) will be made available at www.vaneck.com.au prior to the commencement of trading. Investors should consider the PDS in deciding whether to acquire units in the Fund. This information is general in nature and not financial advice. It does not take into account any person’s individual objectives, financial situation or needs. Before making an investment decision investors should read the PDS, and with the assistance of a financial adviser consider if it is appropriate for their circumstances.
