Will Bitcoin ETFs be realized in Australia?
Australia’s largest stock exchange, the Australian Stock Exchange (ASX), has the potential to launch a crypto asset (cryptocurrency) Bitcoin ETF later this year.
Multiple Bitcoin (BTC) exchange-traded fund applications have been submitted to ASX for trial, according to Business Insider magazine, a source familiar with the matter. It seems that more specific ETF information and dates have not been disclosed.
ASX is paying close attention to this market as digital assets are already established in Canada and many investors are investing, ASX Executive General Manager Max Cunningham told Business Insider, “US and Europe. , Is also becoming mainstream among Canadian institutional investors. “
Several blockchain-related companies are listed and traded on ASX. In addition, the exchange plans to introduce the blockchain settlement system “CHESS” by 2023.
Currently, Canada has several Bitcoin ETFs and Ethereum ETFs listed, but this has not yet happened in the United States. On the other hand, in Europe, ETPs (Exchange Traded Funds) are the mainstream instead of ETFs, and ETPs of multiple altcoin brands such as Polkadot (DOT), XRP (Ripple), and ADA (Cardano) are also traded. That’s right.
[Updated from time to time]For financial products related to virtual currencies such as “Bitcoin ETF (Exchange Traded Fund)” and Ethereum ETF, which are being applied for by the US SEC, the application / examination status and related article summary are posted.
Reference: Business Insider
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“Cryptocurrency” means “cryptographic assets”