Australian regulators open to Bitcoin ETF with ‘rules in place’

[Nostoman]

Securities regulators' down under said that they are open to a Bitcoin ETF, so long as investors are protected by the proper rules.

The Australian Securities and Investments Commission has clarified its position regarding Bitcoin (BTC)-linked exchange-traded funds.

According to a Feb. 12 report by the Australian Financial Review, the commission addressed the subject after previously rejecting a Bitcoin ETF initiative by local company Cosmos Capital.

Per the report, Cosmos CEO James Manning claimed that ASIC “have a policy — which they have not released — which says they do not want an exchange traded product, an MIS, listed on an exchange.”

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