Given ASX's size as the dominant exchange in Australia, its first approval, VanEck's bitcoin ETF, could lend greater legitimacy to crypto and its associated ETFs in the region.
The Monochrome Bitcoin ETF is a flagship product of the firm and was initially expected to be listed with Cboe Australia's larger rival, ASX, where larger volumes are available.
SEC approval in January opened up the market to a new generation of investors but there are still advantages to directly owning crypto that ETFs can’t provide, says Eric...
Veri about inflows is still incomplete and market watchers might have to wait until Friday evening for the full picture, Bloomberg analyst Eric Balchunas pointed out.