The launch of Australia’s first Bitcoin ETF has been delayed, according to the report of the Australian Financial Review.
Bitcoin ETF’s release date was normally set to April 27. This date was expected to be a historic day for the Australian financial markets.
The product was expected to catch on with the success of Bitcoin ETFs in other countries and would see more than $1 billion in inflows on its day of release.
Despite all this, the launch of the Bitcoin ETF has been delayed indefinitely.
Cboe Australia claimed that standard controls were still in place. An unnamed third-party broker is said to have stopped listing. It should be noted that
Cosmos’ yet-to-be-released Bitcoin ETF does not allow for direct investment in the asset.
Founded by the cryptocurrency mining Mawson Infrastructure Group, Cosmos already has a variety of products. Last year, Cosmos Global released the Digital Miners Access ETF.
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