First Bitcoin ETF On Australia’s ASX To List Next Week: Report
The Australian fund would invest in shares of Canada’s first bitcoin spot ETF, launched by Purpose Investments in early 2021.Australia’s first bitcoin ETF is reportedly set to list next week.Cosmos Asset Management’s product would invest in Canada’s Purpose Bitcoin ETF, North America’s first bitcoin spot ETF that went live last year.The approval is set to come on Wednesday as participants agree on a strict 42% margin requirement for the offering.The first Australian bitcoin exchange-traded fund (ETF) is set to list on the Cboe next week as the country’s major equity markets clearing house....
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When BnkToTheFuture’s chief executive Simon Dixon says that stock exchanges around the world have a long history in listing gold and oil mining stocks, but Australia will become the first ever to list this new form of mining stock, it makes a lot of sense. The country has a hot and cold reaction towards the digital currency technology; however, the latest move where the world’s first Bitcoin mining IPO is drawing near, it is moving ahead vis-à-vis other nations. As Australia’s Bitcoin Group Limited has set a process to ensure a smooth IPO, a lot of investors will have an opportunity to....
A newly published assessment of the Reserve Bank of Australia’s take on the current financial system has revealed multiple endeavors by the central bank to study and develop blockchain solutions. The Reserve Bank of Australia’s report [PDF] on new developments on financial infrastructure has notably pointed to the establishment of a previously unknown ‘internal working group’ to consider the implications of blockchain technology. The Australian government has been pushing a FinTech-friendly agenda to encourage industry firms and startups to develop solutions in the country. The central....
Australia isn’t stepping on the brakes this time as it took a huge step of enlisting their first ever ETF to invest in Bitcoin and Ethereum. And it’s going live on April 27. 21Shares and ETF Securities have recently teamed up to launch two funds that are to be listed in Australia’s CBOE Exchange Trading […]
Australia’s top law firms are preparing themselves for the disruption of blockchain-led ‘smart contracts’ with the technology expected to threaten thousands of jobs and the role of lawyers’ intermediating commercial negotiations and disputes that will soon be automated by computers. On Friday, Allens, one of Australia’s biggest law firms, sent a report to its clients informing them that the future of the business model that lawyers profit from due to an absence of trust in organizations working with each other is under threat from computers via the distributed ledger technology, also known....
A petition to collectively bargain and boycott Apple on Apple Pay by three of Australia’s “big four” banks is set to be dismissed by the Australian Competition and Consumer Commission (ACCC), the country’s antitrust regulator. Fintech is all the rage and Australia’s big banks want in, by demanding access to Apple’s in-house Apple Pay platform with their own terms. The Commonwealth Bank, the National Australia Bank and Westpac are three of Australia’s ‘big four’ banks complaining that Apple is barring them from gaining access to its Apple Pay platform, after negotiations between the banks....