Australian Bitcoin and Ether ETFs delayed due to standard tests
Australian Bitcoin and Ether ETFs delayed due to standard tests
- CBOE Australia said on Tuesday that the funds would not continue as expected due to outstanding "standard exams".
- The asset managers ETF Securities and 21shares had hoped to enforce their crypto ETFs after ASX Clear gave the green light last week
three of the Australian crypto ETFs that are to be launched on Tuesday were postponed, with “standard tests” outstanding as the main reason for the delay. According to the statement of CBOE Australia Ether ETFs from ETF Securities, which depict the underlying price of their respective digital wealth value in Australian dollars, do not begin as expected.
"Another update will be provided in the coming days," said CBOE.
Together with 21shares,ETF Securities had hoped to be able to enforce their money on April 27 after the country's most important clearing position for capital markets, ASX Clear, had given the green light.
The Bitcoin ETF from Cosmos Asset Management, which is expected to invest in shares of the Canadian purple Bitcoin ETF, has also been delayed.
While the official line from CBOE says that the funds would not go on due to the controls, the Australian financial report reported that a "powerful but not yet given third-party broker" blocks the lists " have.
A "downstream service provider" was identified as a responsible party, although according to the report, no information was given on which provider ETF Securities and Cosmos refer to.
The report quotes that trading with the funds was delayed due to a "first -class" or "executive" broker, the approval of which is necessary.
Kanish Chugh, sales manager of ETF Securities, said reported to the Australian news agency that the delay was not the fault of ETF Securities, its ETFs or stock exchange, and the message had taken the asset manager unprepared.
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