“It’s absolutely a positive start and very good for the long-term outlook for digital assets,” Lisa Wade, chief executive of ASX-listed wholesale fund manager DigitalX, said. “The race to the bottom on fees is going to be a problem, but for now, it’s a positive story.”Ms Wade’s company lodged an application with the Australian exchange on Friday afternoon to launch its own version of the product, which is tied to the bitcoin spot price. Approval for these ETFs from the SEC was long awaited, and allows retail investors to gain exposure to the assets without having to store or manage cryptocurrencies.
https://www.copyright link/companies/financial-services/billions-surge-into-us-bitcoin-etfs-are-local-hopefuls-eye-listings-20240112-p5ewrh
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