Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n
Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16665,"post_author":"21","post_date":"2024-05-20 04:27:37","post_date_gmt":"2024-05-19 18:27:37","post_content":"\n Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16665,"post_author":"21","post_date":"2024-05-20 04:27:37","post_date_gmt":"2024-05-19 18:27:37","post_content":"\n Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16665,"post_author":"21","post_date":"2024-05-20 04:27:37","post_date_gmt":"2024-05-19 18:27:37","post_content":"\n Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16665,"post_author":"21","post_date":"2024-05-20 04:27:37","post_date_gmt":"2024-05-19 18:27:37","post_content":"\n Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16665,"post_author":"21","post_date":"2024-05-20 04:27:37","post_date_gmt":"2024-05-19 18:27:37","post_content":"\n Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16665,"post_author":"21","post_date":"2024-05-20 04:27:37","post_date_gmt":"2024-05-19 18:27:37","post_content":"\n Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n \u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16665,"post_author":"21","post_date":"2024-05-20 04:27:37","post_date_gmt":"2024-05-19 18:27:37","post_content":"\n Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n \u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16665,"post_author":"21","post_date":"2024-05-20 04:27:37","post_date_gmt":"2024-05-19 18:27:37","post_content":"\n Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n \u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16665,"post_author":"21","post_date":"2024-05-20 04:27:37","post_date_gmt":"2024-05-19 18:27:37","post_content":"\n Australia's largest stock exchange could welcome the country's first spot Bitcoin ETFs<\/a>. This comes in the wave of ETF approvals, with countries like the US and Hong Kong witnessing successful launches.<\/p>\n\n\n\n Citing anonymous sources, a Bloomberg report<\/a> points out that the Australian Securities Exchange (ASX) will welcome the spot Bitcoin ETFs before the end of 2024. The Cosmos Asset Management and 3iQ are the two entities that have filed for spot Bitcoin ETFs with the exchange. VanEck also seeks to submit an application for the spot ETFs.\u00a0<\/p>\n\n\n\n The reports cement a growing appetite for the asset class that gives direct exposure to the price of Bitcoin, with the US Bitcoin ETFs amassing over $53 billion. BetaShares head of digital assets Justin Arzadon says that the ETF inflows in the US \"prove digital assets are here to stay.\"<\/p>\n\n\n\n Hong Kong also officially approved its first batch of spot Bitcoin and Ether ETFs last week, with the city seeking to become a haven of crypto innovation<\/a> in Asia.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n Jamie Hannah, VanEck Australia's deputy head of investments and capital markets, believes Australia's $2.3 trillion pension market will drive spot ETF inflows. She says that a quarter of Australia's retirement assets are held in self-managed superannuation programs, allowing individuals to select their investments and add spot crypto funds. <\/p>\n\n\n\n Hannah adds that with self-managed super funds, financial advisers, brokers, and platform money, a large addressable market size exists to grow the spot ETFs. Meanwhile, DigitalX CEO Lisa Wade expects Australians to invest up to 10% of their portfolios in digital assets.<\/p>\n","post_title":"Australia Will Reportedly Approve Its First Spot-Bitcoin ETFs in 2024\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australia-will-reportedly-approve-its-first-spot-bitcoin-etfs-in-2024","to_ping":"","pinged":"","post_modified":"2024-05-20 04:28:11","post_modified_gmt":"2024-05-19 18:28:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n \u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16665,"post_author":"21","post_date":"2024-05-20 04:27:37","post_date_gmt":"2024-05-19 18:27:37","post_content":"\n$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
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$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
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$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
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$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
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$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
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$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
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$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
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$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
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$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
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$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
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$2.3 Trillion Australian Pension Market To Drive Spot ETF Inflows<\/h2>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
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