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The first test of Australian retail demand for crypto will happen next week with the listing of the country’s first bitcoin ETF on the Cboe equities trading venue. There is speculation $1 billion will flow into the country’s first bitcoin ETF.

ASX Clear, the powerful clearing house at the centre of Australia’s equity capital markets, now has four market participants willing to stump up the tough margin requirements needed to cover the settlement risks for this highly volatile asset.

..... the only bitcoin ETF product in front of ASX Clear at the moment, the Cosmos Asset Management bitcoin ETF , can start trading on the Cboe on April 27.

The Cosmos product is essentially a fund of funds because it invests in the $C1.4 billion Purpose Bitcoin ETF listed in Toronto, Canada. This was the first bitcoin ETF in the world.

It is believed Cosmos has a product disclosure statement for its bitcoin ETF which has been screened by ASIC.

<blockquote data-quote="Dona Ferentes" data-source="post: 1171726" data-attributes="member: 66457">The first test of Australian retail demand for crypto will happen next week with the listing of the country’s first bitcoin ETF on the Cboe equities trading venue. There is speculation $1 billion will flow into the country’s first bitcoin ETF.ASX Clear, the powerful clearing house at the centre of Australia’s equity capital markets, now has four market participants willing to stump up the tough margin requirements needed to cover the settlement risks for this highly volatile asset......&nbsp; the only bitcoin ETF product in front of ASX Clear at the moment,&nbsp; the Cosmos Asset Management bitcoin ETF , can start trading on the Cboe on April 27.The Cosmos product is essentially a fund of funds because it invests in the $C1.4 billion Purpose Bitcoin ETF listed in Toronto, Canada. This was the first bitcoin ETF in the world.It is believed Cosmos has a product disclosure statement for its bitcoin ETF which has been screened by ASIC.</blockquote>

[QUOTE="Dona Ferentes, post: 1171726, member: 66457"] [COLOR=rgb(147, 101, 184)][I]The first test of Australian retail demand for crypto will happen next week with the listing of the country’s first bitcoin ETF on the Cboe equities trading venue. There is speculation $1 billion will flow into the country’s first bitcoin ETF. ASX Clear, the powerful clearing house at the centre of Australia’s equity capital markets, now has four market participants willing to stump up the tough margin requirements needed to cover the settlement risks for this highly volatile asset. ..... the only bitcoin ETF product in front of ASX Clear at the moment, the [B]Cosmos Asset Management bitcoin ETF [/B], can start trading on the Cboe on April 27. The Cosmos product is essentially a fund of funds because it invests in the $C1.4 billion Purpose Bitcoin ETF listed in Toronto, Canada. This was the first bitcoin ETF in the world. It is believed Cosmos has a product disclosure statement for its bitcoin ETF which has been screened by ASIC.[/I][/COLOR] [/QUOTE]

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