ETF – exchange traded funds – have become a popular investment since OG fintech entrepreneur Graham Tuckwell pioneered the sector in Australia more than 20 years ago. The local market grew by more than 30% last year to around $250 billion, but a decade has passed since a new player appeared on the seen bearing… Read more »
Digital asset funds management firm DigitalX has received Australian Securities Exchange (ASX) approval for the listing of its DigitalX Bitcoin ETF. The company (ASX:DCC) will now offer one of the first listed spot Bitcoin ETFs, providing direct exposure to digital assets on the exchange. CEO Lisa Wade said the DigitalX Bitcoin ETF (ASX:BTXX) will provide… Read more »
Exchange-traded funds provider ETF Securities is launching two funds in an Australian first, allowing people to invest in Bitcoin and Ethereum. The ETFS 21Shares Bitcoin ETF (Code: EBTC), and ETFS 21Shares Ethereum ETF (Code: EETH) will list on Cboe Australia (formerly Chi-X) next week. They will both track the price of the respective cryptocurrency in Australian… Read more »
The Bitcoin bulls are racing again. A year ago the cryptocurrency was valued at less than US$12,000. Now it has passed the symbolic milestone of US$60,000, nudging the US$63,255 record it reached in mid-April, before its price fell to as low as US$30,000 in July. Bitcoin’s rally over the past month is largely attributed to… Read more »
Here’s an astonishing number about Australia’s $2 trillion sharemarket: just 4% of people trade online annually, despite the fact that it’s 22 years since the CBA launched CommSec, now the country’s largest online stockbroking firm. So the Commonwealth’s broking arm has taken matters into its own hands try make online trading easier and also… Read more »
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