As of last weekend, Odaily reports, 48 Bitcoin were owned by IBTC, Australia’s first Bitcoin Exchange Traded Fund (ETF). The ETF, which deals in actual Bitcoin, is a noteworthy advancement in the nation’s cryptocurrency industry. According to this data, Australia is becoming more interested in Bitcoin and other cryptocurrencies. Investors can get exposure to Bitcoin through the ETF without having to hold or manage the digital asset directly. The quantity of Bitcoin that the ETF owns is evidence of the growing acceptance and use of cryptocurrencies in the financial industry. As more investors look to diversify their portfolios with digital assets, the ETF’s holdings are predicted to increase.
The first Bitcoin ETF in Australia
