Crypto:
29757
Bitcoin:
$67.213
% 0.15
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 67.213
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

Australia Joins The Bitcoin ETF Race

Bitcoin ETF already was the most important thing in today’s financial world. Bitcoin is integrating over and over into our life and we can see it in our environment. Some people can make huge amounts of money buying it the first time. At these times, nobody believe that even most people saw it as a tool for illegal acts. But right now everyone wants to have Bitcoin and to become a billionaire thanks to it.

One of them is central banks, national exchanges, etc. These days some corporations and institutions are competing for Bitcoin ETF. So, why it is essential for these huge companies, such as BlackRock, ArkInvest, Monochrome AM, etc? Because having that is a clear victory in this almost 2 trillion $ market.

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Australia Also Wants Bitcoin ETF…

Australian crypto investment firm Monochrome AM did also offer an application for a spot Bitcoin exchange-traded fund on the Australian Securities Exchange (ASX). But at this time the offer didn’t recognized by ASX. That’s why the Asset Management firm updated its own application to offer.

Monochrome CEO Jeff Yew clarified that by getting a license, Australian investors would be exposed to Bitcoin. Besides CEO explained that:

Through a Bitcoin ETF, it makes it possible for them to buy and use the asset clas in however they see fit the investment choices in regulated manner, and also operating within the regular regulatory perimeter.

CEO of this Asset Management firm believes that if a Bitcoin ETF goes live in Australian Security Exchange. It will send a “clear signal” to traditional investors. They will understand that the “unregulated Wild West is coming to an end” because their investments will be backed by a familiar, structured, and protected environment.

 

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