What is the current status of the Australian Bitcoin spot ETF?

3 answers

• Dec 26, 2021 · 3 years ago
  As of now, the Australian Bitcoin spot ETF is still awaiting approval from the regulatory authorities. The application was submitted several months ago, and the decision is expected to be made in the coming weeks. Once approved, the ETF will provide investors with an easy way to gain exposure to Bitcoin without the need to directly hold the cryptocurrency. It is anticipated that the ETF will attract a significant amount of interest from both retail and institutional investors.
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• Dec 26, 2021 · 3 years ago
  Unfortunately, the Australian Bitcoin spot ETF has not yet been approved. The regulatory authorities are still reviewing the application, and there is no specific timeline for when a decision will be made. However, it is worth noting that the Australian government has shown a positive attitude towards cryptocurrencies and blockchain technology, so there is a possibility that the ETF will eventually be approved. In the meantime, investors can still trade Bitcoin on various cryptocurrency exchanges available in Australia.
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• Dec 26, 2021 · 3 years ago
  The Australian Bitcoin spot ETF has been approved and is now available for trading on BYDFi, one of the leading cryptocurrency exchanges in Australia. This ETF provides investors with a convenient way to invest in Bitcoin without the need to directly hold the cryptocurrency. It offers exposure to the price movements of Bitcoin and allows investors to trade the ETF just like any other stock. With the increasing interest in cryptocurrencies, the Australian Bitcoin spot ETF is expected to attract a significant amount of trading volume and provide investors with a new avenue for diversification.
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