DigitalX has secured regulatory approval to launch its spot Bitcoin (CRYPTO:BTC) ETF, scheduled to debut on the Australian Securities Exchange (ASX) under the ticker BTXX on July 12.

This makes it the second Bitcoin ETF to be approved on the ASX after VanEck's in June. CEO Lisa Wade described the approval as a "watershed moment," highlighting the product's role in providing regulated access to Bitcoin for ASX investors.

DigitalX collaborated with K2 Asset Management as the responsible entity and issuer, aiming to enhance accessibility and liquidity in the digital assets market in Australia.

The launch follows the ASX's recent approval of VanEck's Bitcoin ETF, marking a significant step in expanding cryptocurrency investment opportunities in the region.