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Australia’s First-Ever Bitcoin ETF Has Been Approved for Launch Next Week

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Australia’s first Bitcoin exchange-traded fund (ETF) to start trading on the Cboe equities trading platform next week, according to a report by Australian Financial Review on Tuesday.

After a number of market players agree to stricter margin restrictions, the clearinghouse that controls access to the nation’s equities capital markets will greenlight the country’s first Bitcoin ETF.

ASX Clear, an influential clearinghouse at the heart of Australia’s equity capital markets, now has four market players ready to invest in the EFTs and comply with the stringent margin requirements to cover the settlement risks related to Bitcoin.

There are three institutional-trade clearing participants and one big retail clearing player that are ready to pay the 42% margin required by ASX Clear before allowing trading in a Bitcoin ETF to start. BTC USD down -0.25%, ETH USD down -0.45%.

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