BetaShares crypto fund management company’s Australian exchange-traded fund (ETF) broke Australian Securities Exchange (ASX) records in the first 15 minutes.
Investors on the exchange broke the current ETF record of A$8 million within minutes, raising a total of about A$42.5 million by the end of its opening day. It signaled a massive pent-up demand for crypto exposure on the Australian Stock Exchange (ASX).
The Australian Securities and Investment Commission has given the green light for the launch of Bitcoin and Ether ETFs, provided a long list of guidelines is followed.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
