Australian Crypto ETF Launch Delayed Due to Pressure From Unidentified Broker: Report

2 years ago

Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.

The highly-anticipated motorboat of 3 crypto-focused exchange-traded funds (ETFs) successful Australia has been halted little than 24-hours earlier a projected listing connected CBOE Australia, according to an AFR report.

  • The Cosmos Asset Management and ETF Securities funds were due to beryllium statesman trading astatine 10am section clip connected April 27.

  • "Standard checks anterior to the commencement of trading are inactive being completed," stated CBOE Australia.

  • The hold is being blamed connected a "prime" oregon "executing" broker who is yet to o.k. the products owed to a hold-up successful appointing a marketplace shaper for the product's launch, according to AFR.

  • ETF Securities caput of Distribution, Kanish Chugh, claimed that the hold is "no responsibility whatsoever of ETF Securities oregon the exchange", adding that the money is moving rapidly to resoluteness the issue.

  • "Cosmos AM has support from the speech to commence quoting and we’re moving towards that goal," said a Cosmos spokesperson.

  • CBOE Australia has revealed that an update volition beryllium provided successful "the coming days".

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Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.

Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.


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