First-Ever Bitcoin ETF to Go Live in Australia Next Week: Report

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The Cosmos Asset Management bitcoin ETF is set to become the first-ever BTC-tracking ETF approved in Australia next week.

While the US watchdogs continue to reject BTC spot ETF applications, Australia has reportedly taken the Canadian route and will list its first-ever exchange-traded fund on the Cboe equities trading platform as early as next week.dated April 19 reads that Australia’s main equity capital market regulator – ASX Clear – has amassed four participants prepared to meet the stringent margin requirements needed to cover the settlement risks for BTC, known for its enhanced volatility.

The regulator’s chief risk officer – Hamish Treleaven – confirmed that the ASX now has “our minimum number of clearing participants, and that means we are good to go.”

 

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