The approval timeline for spot crypto ETFs on the ASX has yet to be clarified. A spokesperson for ASX mentioned that the exchange is still engaging with multiple issuers on the matter. ASX, founded in 1987, has significant financial influence, with an average daily turnover of AUD $4.685 billion (~$3 billion) and a market capitalization of around AUD $2.6 trillion (~$1.7 trillion).
It is ranked as one of the world’s top 20 listed exchange groups and the largest in the southern hemisphere. According to Jamie Hannah, the deputy head of investments and capital markets for VanEck Australia, self-managed superannuation programs, which hold about a quarter of the country’s $2.3 trillion pension market, could emerge as key buyers of spot-crypto funds. This presents a potential opportunity for the growth of spot-crypto ETFs in the Australian market.