World X ETFs, a number one international supplier of ETFs, have introduced that its Australian-listed Bitcoin ETF (Cboe: EBTC) has surpassed a document excessive of A$100 million in property beneath administration (AUM).
The milestone comes because the world’s largest cryptocurrency, Bitcoin, continues to expertise a surge in curiosity boosted by the January resolution by US regulators to permit ETFs that maintain bitcoin to start working, together with anticipated provide shifts prone to happen later this yr.
The World X 21Shares Bitcoin ETF (Cboe: EBTC) is Australia’s solely spot Bitcoin ETF. The fund tracks the efficiency of Bitcoin in Australian {dollars} and grants traders entry to segregated Bitcoin held in safe ‘chilly storage’ with Coinbase, the world’s largest cryptocurrency custodian. This makes publicity to Bitcoin’s worth actions out there to traders by way of a regulated product on a significant inventory change, streamlining entry and eradicating the complexities of direct crypto possession.
“That is an thrilling time for cryptocurrency markets. Rising demand has been mirrored in sturdy inflows into our product and extra broadly on a worldwide foundation. Mix this with optimistic regulatory actions overseas, and every little thing factors to a rising confidence within the sector. Naturally, traders are optimistic and enthusiastic about what this implies for Bitcoin longer-term,” stated Evan Metcalf, Chief Government Officer at World X ETFs Australia.
“Since January, World X has seen over A$30 million flowing into the ETF, and we count on this momentum to proceed as we glance towards extra crypto-related exercise together with the halving occasion and US regulatory resolution round spot Ethereum ETFs within the coming months.”
World X stays the one supplier of spot cryptocurrency ETFs in Australia and was the primary to launch spot Bitcoin and Ethereum (Cboe: EETH) ETFs within the Asia Pacific area.
“At World X, we stay dedicated to main the cost in offering traders with an in depth array of high quality funding alternatives to assist portfolio diversification. Our cryptocurrency choices, comparable to our Bitcoin and Ethereum ETFs, EBTC and EETH alongside our Fintech and Blockchain ETF (Cboe: FTEC), provide Australian traders an accessible means to capitalise on the potential positive aspects of this sector.”
