Watch Out for Those 16 Developments for Cryptocurrency This Week!

The ASX, Australia’s largest stock exchange, is making investing in Bitcoin even easier by listing the VanEck Bitcoin ETF this Thursday. This development shows that interest in Bitcoin investments in Australia is increasing and the crypto asset is gaining acceptance among mainstream investors. In addition, the cryptocurrency market will be full of important developments next week. The listing of the first Bitcoin ETF in Australia, the speech of the US Federal Reserve Governor and the release of PMI data for US manufacturing and services branches are among the important events that will attract the attention of investors this week.

ASX lists Bitcoin ETF

Arian Neiron, VanEck’s Asia-Pacific CEO, welcomed the growing interest in Bitcoin as an emerging asset class and said the ETF offers investors exposure to Bitcoin using a “regulated, transparent and familiar investment vehicle.” . This listing follows the success of Bitcoin ETFs, which launched in the US this year and have already raised $58 billion. VanEck’s ETF, BlackRock Inc. It will also compete with the works of financial giants such as Fidelity Investments.

Although demand for Bitcoin ETFs in Australia is not as high as in the US, this development is a valuable milestone for investors. In addition to VanEck, Sydney-based BetaShares Holdings Pty and DigitalX Ltd. also plans to list Bitcoin ETFs on Australia’s main stock exchange.

Valuable developments of the week for crypto currencies

Meanwhile, the important developments of the week are as follows:

Monday, June 17:

• Speech by the President of the European Central Bank: ECB President Christine Lagarde will talk about the European economy and monetary policy.
• Fed Officials’ Speeches: Fed officials will give speeches about the US economy and monetary policy.
• APE Lock Opening: ApeCoin (APE) lock opening will take place and 16.2 million APE will be released.
• CHZ Coin Hard Fork: A hard fork called Dragon8 will take place in the Chiliz (CHZ) coin.
• XEM, WAVES and OMG Binance Delist: Binance will delist XEM (NEM), WAVES (WAVES) and OMG Network (OMG) cryptocurrencies.

Tuesday, June 18:

• Fed Official Speech: The Fed official will talk about the US economy and monetary policy.
• European Inflation Data: May inflation data will be announced in the European Union.
• US Retail Sales: US retail sales data for May will be announced.
• Fed Officials’ Speeches: Fed officials will give speeches about the US economy and monetary policy.
• MANTA Coin Lock Opening: Manta Network (MANTA) lock opening will take place and 8.33 million MANTA will be released.

Wednesday, June 19:

• USA Holiday: A public holiday in the USA.
• PIXEL Unlocking: Pixel (PIXEL) unlocking will take place and 19.3 million PIXELs will be released.

Thursday, June 20:

• US Unemployment Benefit Applications: Weekly US unemployment benefits application data will be announced.
• Fed Official Speech: The Fed official will talk about the US economy and monetary policy.

Friday, June 21:

• US PMI Data: PMI data for US production and service branches will be announced.
• Fed Monetary Policy Report: The Fed will publish a report containing the results of the monetary policy committee meeting.