NZX main board to get bitcoin ETF

Smart chief executive Anna Scott told BusinessDesk the move is about simplification and accessibility. (Image: File)

Thu, 10 Oct 2024

If the New Zealand Stock Exchange gets its way, it will have a bitcoin ETF on its main board by the end of the month. Fund manager Smart, a wholly-owned subsidiary of NZX, announced Thursday it has joined forces with US investment giant BlackRock and intends to launch four new exchange-traded funds (ETFs). The move follows a number of overseas exchanges listing cryptocurrency-exposed ETFs.Three of the new ETFs are part of a “new strategic alliance” with iShares, BlackRock's ETF management division.One of them, dubbed...

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