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In what is certainly a testament to the asset’s continued growth, Australia ’s largest stock exchange has just approved its first Spot Bitcoin ETF. Indeed, the $89 billion asset management firm VanEck is set to issue the inaugural BTC investment product on the platform to debut this week. The Australia n Securities Exchange (ASX) decision comes just six months after the US greenlit the BTC ETF in January. Those products have seen tremendous success, with prominent firms like BlackRock and VanEck leading the cryptocurrency to increased institutional investment interest. JUST IN: Australia 's largest stock exchange, ASX, approves its first spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) June 17, 2024 Also Read: Ethereum ETFs Expected to Capture 20% of Bitcoin ETF Flows Australia’s ASX Gets First Spot Bitcoin ETF Approval Source: iGaming.org Bitcoin has already dominated discourse in the finance sector just six months into the year....

But Solana was the only other major asset to show inflows for the week. Cryptocurrency assets experienced inflows for the first time in six weeks during the week of Sep. 22-28, according to the latest Digital Asset Fund Flows Weekly Report from European digital assets management firm CoinShares. Bitcoin was the biggest gainer with in flows in the amount of $20.4 million for the week. Good week, everyone. Here are the latest #FundFlows and observations by CoinShares Head of Research @JButterfill. This week in flows : US$21m (after 6 weeks of out flows ) We believe these in flows are a reaction to a combination of positive price momentum, fears over US… pic.twitter.com/0VHHBh1n50 — CoinShares (@CoinSharesCo) October 2, 2023 Solana took second with $5 million as the only other asset to show inflows. Per CoinShares, this is its 27th week of inflows with only four weeks of outflows for 2023, making it “the most loved altcoin this year.” On the flip side, Ethereum experiences outflow...

The official report reveals that the hackers stole $3 billion from Australians in 2022 and over $38 million in June 2023 alone. According to an Australian Financial Crimes Exchange (AFCX) report, illicit actors and scammers funneled millions in stolen funds through cryptocurrency operators like exchanges and trading venues. Industry experts and regulators call for collaboration between banks and exchanges to tackle scammers ’ operations. During the last 30 days of Australia’s financial year, from July 1 to June 30 of the following year, scammers siphoned 47% of all stolen wealth to bank accounts linked to digital asset businesses in the country. You might also like: Australia’s largest bank suspends payments to crypto exchanges David Pegley, managing director of the AFCX, noted that recovering funds laundered through crypto exchanges proved “extremely difficult”, resulting in greater losses for Australians. The remark was echoed by Anna Bligh, chi...