Amid the growing anticipation for Australia’s upcoming crypto ETFs, new reports emerged claiming that the launch, originally scheduled to be tomorrow, will be postponed, blaming a third-party broker.
CryptoPotato reported last week the decision made by ASX Clear – the country’s main equity capital market watchdog – to greenlight Australia’s first Bitcoin ETF. This came as four market participants said they could meet the stringent margin requirements needed to cover the BTC settlement risks.
On the very next day, 21Shares and ETF Securities announced a joint venture that would have enabled them to release exchange-traded funds tracking BTC and ETH. All products were set to go live on April 27.
However, a new AFR report from today (April 26) asserted that Aussies will have to wait longer to see a crypto ETF.
The launch was delayed because of an undisclosed third-party broker, which reportedly blocked the products from going live on the Cboe Australia exchange.
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