Betashares ‘crypto’ ETF

hey gang. Sorry to start a new thread. Just read this article on the A. F R website. I’ve extracted a bit as well. Potentially we might be a company that betashares would want in the ETF. Thoughts?


BetaShares is set to launch a crypto-focused equities exchange-traded fund on the ASX, overcoming the exchange’s crypto reluctance that has seen several local businesses list overseas in recent months.The ETF will not give exposure to cryptocurrencies or crypto markets, rather it offers exposure to global digital asset businesses, from mining to exchanges, and aims to track the Bitwise Crypto Industry Innovators Index, an ETF listed on the New York Stock Exchange.The ASX has been hesitant to allow crypto-related businesses on the exchange, saying it is assessing the suitability of bitcoin-related ETFs under the AQUA rules, which cover the underlying investments, experience and qualifications of the issuer, and price transparency and liquidity requirements.“It was a very lengthy process,” said Alex Vynokur, chief executive of BetaShares, of the process to have the BetaShares Crypto Innovators ETF approved for trading.