Liam Hennessy, a Brisbane-based lawyer at Clyde & Co., told CoinDesk that Australia is expected to be one of the first countries to approve a Bitcoin spot ETF product, with the Australian Securities Exchange (ASX) expected to be the “first in 2024.” quarter or second quarter” approval for trading in such products. Australia is definitely ahead of Hong Kong and Singapore at this stage. In Australia, the Monochrome Bitcoin ETF ranks #1 for likelihood of approval since filing in July 2023.
Derek Vladimir Henningsen, general counsel and head of legal and compliance at digital asset manager Monochrome Asset Management, said the Monochrome Bitcoin ETF is expected to be available in the second quarter of this year. (CoinDesk)