The Australian Securities Exchange is set to approve an exchange-traded fund linked to the price of bitcoin in the first half of this year, as the first spot cryptocurrency ETFs were given the go-ahead by regulators in the United States on Thursday.
Brisbane-based Monochrome Asset Management is the first in line to get a green light from the ASX, which has adopted a cautious approach to allowing bitcoin-backed securities to be traded by retail investors.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
