ASX May Approve Bitcoin ETFs This Year
Ethereum Fees Hit A 6-Month Low, Solana DePIN Project Io.Net Suffers From GPU Spoofing Breach
The Australian Securities Exchange (ASX), the largest stock exchange in the country/continent, could approve multiple spot Bitcoin ETFs this year, following the greenligths and launches of the US and Hong Kong ETFs.
This is not the first attempt at Bitcoin ETFs in Australia—2 were launched on CBOE Australia almost 2 years ago, but one got delisted.
U.S. Bitcoin ETFs have collectively seen around $53 billion in assets under management (AUM) since their launch, which must have been a great inspiration for Hong Kong and Australia.
Crypto management firm Monochrome's CEO Jeff Yew expects Australian Bitcoin ETfs to bring $3-4 billion in net inflows in 3 years.
The Australian Taxation Office, according to Yew, said there's already $1 billion of crypto in exchanges where the holder majority is self-managed super fund (SMSF) investors.
Ex-Binance Jeff Yew also said he expects his firm Monchrome's own Bitcoin ETF application to be approved by CBOE within the next few weeks.
Market Update
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Solana-based DePin Project io.net Thwarts GPU Spoofing Attack
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