澳大利亚将加入比特币 ETF 革命

据彭博社报道，澳大利亚将于今年年底批准推出一波现货比特币 ETF。此前，比特币 ETF 在美国和香港成功推出，此举标志着人们越来越接受比特币作为投资资产。澳大利亚证券交易所（ASX）预计将在年底前批准并推出数只比特币 ETF，VanEck 和 BetaShares 等发行人正在排队上市。

Australia Poised to Embrace Bitcoin ETF Revolution

澳大利亚准备迎接比特币 ETF 革命

Bloomberg recently reported that Australia is preparing to approve a surge of spot Bitcoin exchange-traded funds (ETFs) by the end of 2024. This move follows the footsteps of the United States and Hong Kong, where issuers such as VanEck and BetaShares are eagerly awaiting listings.

彭博社最近报道称，澳大利亚正准备在 2024 年底前批准大量现货比特币交易所交易基金 (ETF)。此举紧随美国和香港的脚步，VanEck 和 BetaShares 等发行人正在热切等待列表。

Australian Securities Exchange: A Gateway for Bitcoin ETFs

澳大利亚证券交易所：比特币 ETF 的门户

The Australian Securities Exchange (ASX) is the primary stock exchange in Sydney and the most prominent in Australia. ASX is a publicly traded company, and its operations should not be conflated with the Sydney Stock Exchange, a separate entity.

澳大利亚证券交易所（ASX）是悉尼的主要证券交易所，也是澳大利亚最著名的证券交易所。澳大利亚证券交易所是一家上市公司，其业务不应与独立实体悉尼证券交易所混为一谈。

Boasting a daily trading volume exceeding AUD 4.6 billion (approximately USD 3 trillion), ASX hosts over 2,000 listed securities and boasts a market capitalization of around AUD 1.6 trillion. It is the largest stock exchange in the entire Southern Hemisphere.

澳大利亚证券交易所每天的交易量超过 46 亿澳元（约合 3 万亿美元），拥有 2,000 多种上市证券，市值约为 1.6 万亿澳元。它是整个南半球最大的证券交易所。

Despite these impressive figures, ASX does not rank among the world's top ten exchanges by market capitalization, trailing behind markets in Hong Kong, London, Frankfurt, and Toronto. In fact, it is also surpassed by the exchanges in Mumbai, Seoul, and Stockholm.

尽管这些数字令人印象深刻，但按市值计算，澳大利亚证券交易所并未跻身全球十大交易所之列，落后于香港、伦敦、法兰克福和多伦多市场。事实上，它也被孟买、首尔和斯德哥尔摩的交易所超越。

However, ASX outpaces the Toronto Stock Exchange in monthly trading volumes, an anomaly considering that Australia's population of 27 million is significantly smaller than Canada's 38 million.

然而，澳大利亚证券交易所的月交易量超过了多伦多证券交易所，考虑到澳大利亚 2,700 万人口远少于加拿大的 3,800 万人口，这是一个反常现象。

Bitcoin ETF Landscape in Australia

澳大利亚比特币 ETF 格局

Currently, there are no spot ETFs for Bitcoin or Ethereum listed on the ASX. However, Bloomberg cites anonymous sources claiming that the exchange will approve and launch several such products before the end of the year.

目前，澳大利亚证券交易所没有上市比特币或以太坊现货 ETF。不过，彭博社援引匿名消息人士的话称，该交易所将在年底前批准并推出多种此类产品。

Issuance requests for these products have been filed in recent months, awaiting regulatory approval. VanEck, a prominent player in the ETF market, has already launched a similar product on the Chicago Cboe exchange.

这些产品的发行请求已于近几个月提交，正在等待监管部门批准。 VanEck 是 ETF 市场的知名参与者，已经在芝加哥芝加哥期权交易所推出了类似产品。

Hong Kong's Influence and Global Impact

香港的影响力和全球影响力

The upcoming debut of BTC and ETH spot ETFs on the Hong Kong Stock Exchange on April 29th has likely accelerated the trend towards Bitcoin ETFs in Australia. The ASX competes with Hong Kong in the Southeast Asian and Oceania market, commonly known as the APAC (Asia-Pacific) region.

BTC 和 ETH 现货 ETF 即将于 4 月 29 日在香港证券交易所首次亮相，这可能会加速澳大利亚比特币 ETF 的发展趋势。 ASX与香港在东南亚和大洋洲市场，即俗称的APAC（亚太）地区展开竞争。

Hong Kong's rapid adoption of Bitcoin ETFs has potentially influenced the Sydney Exchange to follow suit, especially considering the success of Bitcoin spot ETFs on US exchanges.

香港比特币 ETF 的迅速采用可能会影响悉尼交易所效仿，特别是考虑到比特币现货 ETF 在美国交易所的成功。

Impact on Bitcoin Price

对比特币价格的影响

The impact of Bitcoin ETF approvals in Australia on the BTC price may be limited. The critical factor is the size of the target audience and the capital they attract.

澳大利亚比特币 ETF 的批准对 BTC 价格的影响可能有限。关键因素是目标受众的规模及其吸引的资本。

For instance, mainland Chinese investors will not have access to BTC spot ETFs listed on the Hong Kong Stock Exchange, which will only be accessible to Hong Kong residents and local funds. A similar scenario may play out for the Sydney Stock Exchange, primarily frequented by Australians.

例如，中国内地投资者将无法购买在香港证券交易所上市的比特币现货ETF，而只有香港居民和本地基金才能购买。主要由澳大利亚人经常光顾的悉尼证券交易所也可能会出现类似的情况。

While Australians outnumber Hong Kong residents, their GDP is less than a tenth of the US and about a tenth of China's, limiting their potential impact on the Bitcoin market. However, if they attract capital equivalent to one-twentieth of that invested in Bitcoin ETFs on US exchanges, they could potentially exert some minimal influence on the price.

虽然澳大利亚人的数量超过香港居民，但他们的国内生产总值不到美国的十分之一，大约是中国的十分之一，限制了他们对比特币市场的潜在影响。然而，如果他们吸引的资金相当于美国交易所比特币 ETF 投资的二十分之一，他们可能会对价格产生一些最小的影响。

Global Perspective

全球视野

Beyond Australia and Hong Kong, the discussion shifts to the rest of the world. The United States alone accounts for approximately 25% of global GDP, leaving three-quarters of the world's GDP in other regions.

除了澳大利亚和香港之外，讨论转移到了世界其他地区。仅美国就占全球 GDP 的约 25%，世界 GDP 的四分之三分布在其他地区。

China and the European Union contribute approximately 16% and 15% to global GDP, respectively. Financial products similar to spot Bitcoin ETFs are available in the EU but not in China, although those launching in Hong Kong will only be accessible to local residents.

中国和欧盟对全球GDP的贡献率分别约为16%和15%。类似于现货比特币 ETF 的金融产品在欧盟有售，但在中国却没有，不过在香港推出的金融产品只对当地居民开放。

Japan and India, with their combined 7% of global GDP, are also significant players to consider.

日本和印度的 GDP 合计占全球 7%，也是值得考虑的重要参与者。

Currently, only four of the 12 largest stock exchanges by trading volume do not offer spot Bitcoin ETFs, excluding Hong Kong, which will introduce them on April 29th. The Chinese mainland exchanges in Shanghai and Shenzhen could significantly influence the market if they were to follow suit.

目前，交易量最大的 12 家证券交易所中，只有 4 家不提供现货比特币 ETF，但香港除外，香港将于 4 月 29 日推出比特币 ETF。如果中国内地的上海和深圳交易所效仿，可能会对市场产生重大影响。

The success of Bitcoin ETFs in Australia and Hong Kong, relative to their performance in the United States, could pave the way for the launch of similar products on the Shanghai and Shenzhen exchanges sooner rather than later.

相对于在美国的表现，比特币 ETF 在澳大利亚和香港的成功可能为上海和深圳交易所尽早推出类似产品铺平道路。