The world’s largest asset management company BlackRockiShares Bitcoin in Australia 
$104,050.19 He confirmed that he will launch his ETF. With this step, the company aims to offer local investors a regulated and easy-to-access channel to cryptocurrencies. in the middle of this month Australian Securities ExchangeIt is planned to start trading on (ASX).
Bitcoin Access to Australian Market from BlackRock
BlackRock announced that the new ETF, which has a fund management fee of 0.39 percent, will include the iShares Bitcoin Trust traded in the USA. This structure provides investors BitcoinIt will provide investment opportunities without directly owning the company and eliminate operational difficulties. BlackRock Australasia corporate client relations director Tamara Statsstated that the new product will meet a significant demand as a potential diversifier in the portfolios of institutional investors.
The company’s president of global product solutions Steve Ead He emphasized that IBIT will provide safe access to large audiences thanks to BlackRock’s global infrastructure. “By making IBIT accessible on the ASX, we aim to democratize investment opportunities for more Australians,” Ead said.
New Regulation for Cryptocurrencies from ASIC
BlackRock’s announcement Australian Securities and Investments CommissionIt comes on the heels of ASIC updating its guidance on cryptocurrencies last week. new regulation stablecoin‘s, tokenized securities, wrapped tokens and digital wallets are included in the scope of financial products. Although Bitcoin itself is not considered a financial product, services and instruments containing Bitcoin may fall within the definition under ASIC’s Information Note 225.
ASIC has directed all organizations involved in cryptocurrencies to carefully consider whether their products qualify as financial products and, if necessary, by 30 June 2026. Australian Financial Services License He warned them to buy (AFSL).
