After a two-week delay, Australia’s first cryptocurrency ETFs will begin trading later this week on the Cboe exchange.
a day before the scheduled date to May 12 due to an embarrassing issue that caught everyone by surprise.Reports at the time revealed that the delay was caused by an undisclosed but “powerful” prime broker that blocked the funds from launching on Cboe due to the controversial and volatile nature of the crypto market.
According to recent reports, Cboe and relevant market makers had to secure another broker during the two-week delay as they were unable to convince the first prime one to change its position on the matter. The delay also gave room for Canadian ETF issuer 3iQ Digital Asset Management to join the race. On May 3, the Toronto-based company applied to offer two crypto funds to Australian investors. If approved, the 3iQ products, dubbed BT3Q and ET3Q, will trade on Cboe while tracking the performance of bitcoin and ether.Meanwhile, as Australia joins other countries like Canada and Switzerland to welcome its first crypto ETFs, the United States continues toBut while the U.S.
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