Bitcoin ETF approved. When is it coming to Australia?
Bitcoin ETF approved. When is it coming to Australia? (fool.com.au)
Will other cryptocurrencies follow?
Gensler was quick to shoot down any hopes that other cryptocurrencies could soon have their own ETFs. He said:
Importantly, today's Commission action is cabined to ETPs holding one non-security commodity, bitcoin. It should in no way signal the Commission's willingness to approve listing standards for crypto asset securities.
When will it be available in Australia?
While Bitcoin ETFs will soon be available on Wall Street, that isn't exactly easy access for Australian investors.
The good news for Aussie crypto bulls is that it is widely expected that regulators will allow a local spot Bitcoin ETF to launch during the first half of 2024.
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