The highly anticipated listing of a Bitcoin ETF in Australia has been postponed less than 24 hours before its scheduled launch on CBOE Australia.
Australians will be to have for Wait a little longer
Cosmos Asset Management and ETF Securities funds’ first Bitcoin ETF was set to launch on April 27 at 10 a.m. local time, according to reports last week, but exchange Cboe Australia revealed today that the Cosmos Purpose Bitcoin Access project ETF would not be launched. Wednesday, contradicting an earlier statement.
According to AFR, the delay is attributed to a “primary” or “executing” broker who has not yet approved the products due to a delay in appointing a market maker for the product launch. As a result, CBOE Australia said an update would be provided in “the next few days”, without providing further details.
A lot crypto AND F are expected for be spear
Although there is a slight setback, it is expected that many crypto ETFs will go live in the coming weeks. Not only will a Bitcoin ETF be launched, but Swiss company 21Shares AG, ETF Securities is behind a Bitcoin and Ethereum spot traded fund which was officially announced last Tuesday, and Australian companies VanEck Australia Pty Ltd., BetaShares Capital Ltd., and Monochrome Asset Management Pty. ltd. is still awaiting approvals for its Bitcoin ETFs.
This contrasts sharply with the situation in the United States, where regulators have approved several Bitcoin futures ETFs but have not yet approved any Bitcoin spot ETFs. It remains to be seen whether the United States will follow in Australia’s footsteps this year.