Crypto Catch: Australia set to list its first Bitcoin ETF

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Crypto Catch: Australia set to list its first Bitcoin ETF

Crypto news, Bitcoin ETF
Image source: © kkssr | Megapixl.com

Highlights

  • A report from the Australian Financial Review says Australian regulator, ASX Clear, has accrued four organisations prepared to meet the strict requirements needed to cover the settlement risks for Bitcoin
  • Bitcoin held steady from yesterday, now trading one per cent higher at around US$41,300
  • Solana wallet, Phantom, announced the official launch of its app on Android, following the launch of its iOS mobile app earlier this year

Australia will reportedly list its first-ever Bitcoin exchange-traded fund on the Cboe equities trading platform as early as next week.

A report from the Australian Financial Review says Australian regulator, ASX Clear, has accrued four organisations prepared to meet the strict requirements needed to cover the settlement risks for Bitcoin.

ASX Clear’s chief risk officer, Hamish Treleaven, confirmed that the ASX now has the minimum number of clearing participants, meaning that the ETF is ready to go ahead.

With the market participants given a seven-day notice to prepare for a new product, the Cosmos Asset Management Bitcoin ETF will be able to start trading on April 27 on the Cboe equities trading exchange.

Market News

Bitcoin held steady from yesterday, now trading one per cent higher at around US$41,300.

Meanwhile, Ethereum also held its value from yesterday and is now trading at US$3,080.

Altcoin News

Solana wallet, Phantom, announced the official launch of its app on Android, following the launch of its iOS mobile app earlier this year.

On Monday, Phantom announced in a tweet that its mobile app is now available on the Google play store.

This means that they can send, receive, swap, stake, earn, and store digital assets, including NFTs on any mobile device running on Android.

The move comes as Phantom announced that it had witnessed increased adoption on Android from users in Vietnam, India, and Indonesia.

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Data Source: CoinMarketCap.com, based on top 100 cryptos.

Note: Growth from the 24 hours prior to 12:30pm AEDT

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