The first test of mass Australian retail demand for crypto will happen next week with the listing of the country’s first bitcoin ETF on the Cboe equities trading venue.ASX Clear, the powerful clearing house at the centre of Australia’s equity capital markets, now has four market participants willing to stump up the tough margin requirements needed to cover the settlement risks for this highly volatile asset.
This means the only bitcoin ETF product in front of ASX Clear at the moment – the Cosmos Asset Management bitcoin ETF – can start trading on the Cboe on April 27. It is believed Cosmos has a product disclosure statement for its bitcoin ETF which has been screened by ASIC.with a product called the Global Digital Miners Access ETF which has net assets of $2.1 million and is traded on Cboe Australia and the unlisted $4.55 million Bitcoin Wholesale Access Fund.
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Source: FinancialReview - 🏆 2. / 90 Read more »