What is the current status of cryptocurrency ETF on ASX?
Teoh Zhen YingJan 11, 2022 · 3 years ago3 answers
Can you provide an update on the current status of cryptocurrency ETF on ASX? I'm curious to know if there have been any recent developments or announcements regarding the availability of cryptocurrency ETFs on the Australian Securities Exchange.
3 answers
- Jan 11, 2022 · 3 years agoAs of my knowledge, there is currently no cryptocurrency ETF listed on the ASX. The Australian Securities Exchange has not yet approved any cryptocurrency ETFs for trading. However, it's worth noting that the regulatory landscape is constantly evolving, and there may be future opportunities for cryptocurrency ETFs on the ASX. It's advisable to stay updated with the latest news and announcements from the ASX and regulatory authorities regarding cryptocurrency ETFs.
- Jan 11, 2022 · 3 years agoUnfortunately, there is no cryptocurrency ETF available on the ASX at the moment. The Australian Securities Exchange has been cautious about approving such products due to concerns over market volatility, liquidity, and regulatory compliance. While there have been discussions and proposals for cryptocurrency ETFs, no concrete approvals have been granted. Investors interested in cryptocurrency exposure through ETFs may need to explore alternative options or consider investing directly in cryptocurrencies through other platforms.
- Jan 11, 2022 · 3 years agoAccording to my sources, the current status of cryptocurrency ETFs on the ASX is that there are none available for trading. The ASX has been taking a cautious approach towards approving cryptocurrency-related products, including ETFs. While there have been discussions and proposals, the regulatory framework and market conditions have not yet aligned for the introduction of cryptocurrency ETFs on the ASX. However, it's important to keep an eye on any future developments as the cryptocurrency market continues to evolve.
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