Australian funds are ready to pile aboard the international bitcoin (BTC) exchange-traded fund (ETF) bandwagon – and could have their products ready for the market as early as the middle of 2022, provided regulators decide to play ball.
Per a report from the Sydney Morning Herald, a number of managers are preparing for what investors claim will be an “inevitable” influx of BTC ETFs. With American regulators earlier this month granting their first-ever green-light for such a product, regulators elsewhere in the world have found themselves under increasing pressure from managers hoping to follow suit fast.
The media outlet noted that “currently, crypto ETFs aren’t able to operate in Australia due to regulatory concerns over asset custody,” but
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