Australia’s Bitcoin ETF Goes Live Tomorrow, Crypto Market Braces for Bullish Impact, Could This Usher the Golden Bull Run?
- Australia officially launches its Bitcoin ETFs tomorrow.
- The Spot BTC ETF success across other nations will surely reflect in Australia as well.
- The crypto market braces for impact, could this be the trigger to the golden bull run?
The Bitcoin ETF narrative continues to gain traction across the world and the next country preparing to welcome its potential. Specifically, Australia’s first Bitcoin ETF will go live tomorrow and the crypto market awaits another surge.
BREAKING: 🇦🇺 Australia’s first #Bitcoin ETF to start trading tomorrow. pic.twitter.com/79EyJyHCqV
— Bitcoin Archive (@BTC_Archive) June 3, 2024
As another country prepares to embrace Bitcoin ETFs within its borders, massive inflows and bullish waves await Bitcoin (BTC) price. So far every country that launched a Bitcoin ETF has seen exponential interest and rapid adoption from its people and financial entities.
Not long ago, Australia made its official announcement to approve Spot Bitcoin Exchange Traded Funds (ETFs). Seeing as how Bitcoin ETFs brought raging success in other countries such as the USA and Hong Kong, it was only a matter of time before other countries followed this lead and Australia is the next to take this crucial step.
Compared to the first listing of Bitcoin ETFs the process was much faster in Australia. This possibility for Bitcoin ETFs in Australia only came by thanks to the new regulations that went into play mid-last year in Australia.
With the red tape being cleared paired with the undeniable success of Bitcoin ETFs across other parts of the world, Australia has made its strategic decision to enter the Bitcoin ETF markets. Now their Bitcoin ETFs will finally go live starting tomorrow.
This is another move that supports the crypto market expectation of a massive supply shock for Bitcoin (BTC) with exchanges at an all time low in Bitcoin (BTC) supply this expectation is closer than ever.
All in all, the bullish momentum in Bitcoin adoption across the world will ultimately bring a big surge in the price of Bitcoin’s next ATH. Predictions for this price surge goes from $100,000, $250,000 and even $500,000. Let’s see how far the price of Bitcoin and Ethereum will go this golden bull cycle with so much bullish sentiment.
