Australian Bitcoin Spot ETF Launch Is Delayed Today

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  • The first Australian bitcoin spot ETF from Cosmos Asset Management has been delayed.
  • The delay comes as a surprise since the national clearing house and corporate regulator had previously greenlit the product.
  • AFR reports that an unknown “prime” or “executing” broker is behind the delay.

ETF Securities and 21 Shares were set to launch Australia’s first bitcoin spot exchange-traded fund (ETF) on April 27, but the product’s listing has now been delayed.

An announcement from the Cboe Australian exchange explaining the delay came as a surprise since both the corporate regulator and national clearing house, ASX Clear, had already given the green light for the ETF’s launch.

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