Australia's first Bitcoin ETF to list on CBOE next week

Australia’s first Bitcoin ETF will reportedly be listed on the CBOE next week in the first test of Australian retail investors' massive demand for cryptocurrency. There is speculation that the country’s first Bitcoin ETF will see an inflow of $1 billion. ASX Clear is a substantial clearinghouse in the heart of Australia's equity capital markets, with four market participants currently willing to meet the stringent margin requirements (42%) required to settle risk for this highly volatile asset. ASX Chief Risk Officer Hamish Treleaven will give market participants seven days' notice of regulatory approval on Wednesday. This will give brokers, liquidators, clearing participants, market makers, and investors time to prepare for the new product. Currently, ASX Clear's only bitcoin ETF product, "Cosmos Asset Management Bitcoin ETF," will start trading on the CBOE on April 27.