Australia’s First Bitcoin ETF To List Next Week: Report

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  • Australia’s first bitcoin ETF on the ASX is reportedly set to list next week.
  • Cosmos Asset Management’s product would invest in Canada’s Purpose Bitcoin ETF, North America’s first bitcoin spot ETF that went live last year.
  • The approval is set to come on Wednesday as participants agree on a strict 42% margin requirement for the offering.

The first bitcoin exchange-traded fund (ETF) on Australia’s main market, the Australian Securities Exchange (ASX), is set to list next week as the country’s major equity markets clearing house gives participants the green light, reported the Australian Financial Review.

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