Jump to content
The World News Media

Recommended Posts

  • Member

The much-awaited debut of crypto ETFs in the Australian market seems to have been pushed off for later this week.  According to the Australian Financial Review, the delay is being blamed on a "prime" or "executing" broker who has failed to approve the products due to a delay in appointing a market maker for the product's launch.

According to a spokesperson from 21shares,

“The delay is no fault whatsoever of 21Shares, the funds or the exchange. As crypto ETFs are completely new to Australia and the infrastructure is being built from the ground up, a service provider downstream needs more time to support the launch. The issue affects all fund managers equally and has caught everyone by surprise.”

https://www.bloomberg.com/news/articles/2022-04-26/crypto-etfs-roll-out-in-australia-hits-snag-amid-inaugural-push

Link to comment
Share on other sites


  • Views 407
  • Replies 0
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...




×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.