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Australian Bitcoin Spot ETF Launch Is Delayed

  • The first Australian bitcoin spot ETF from Cosmos Asset Management has been delayed.
  • The delay comes as a shock because the nationwide clearing home and company regulator had beforehand greenlit the product.
  • AFR experiences that an unknown “prime” or “executing” dealer is behind the delay.

ETF Securities and 21 Shares have been set to launch Australia’s first bitcoin spot exchange-traded fund (ETF) on April 27, however the product’s itemizing has now been delayed.

An announcement from the Cboe Australian change explaining the delay got here as a shock since each the company regulator and nationwide clearing home, ASX Clear, had already given the inexperienced mild for the ETF’s launch.

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