Australia’s Top Securities Regulator Says It Will Approve Bitcoin ETFs

The Australian Securities And Investments Commission (ASIC) has given early approval to fund managers looking for to launch Bitcoin spot trade traded funds (ETFs), according to Business Insider.

Many Australian funds have already begun the applying course of after ASIC inexperienced lit the spot ETFs. After months of consulting with consultants within the Bitcoin and crypto trade, the company regulators issued new steerage for the area, and detailed a draft of regulatory necessities for funds keen to supply Bitcoin spot ETFs.

You might also like