A deepening crypto winter and regulatory pressure are causing some Australian crypto ETF providers to bail out. Those that remain may have a lucrative position in the market.
Two digital asset exchange-traded fund issuers in Australia are set to leave the market amid heightened regulator scrutiny and a deepened crypto winter, though some remain bullish about the market's prospects.
On Nov. 6, Holon said it might close its three retail crypto funds following a hardline stance from the Australian financial regulator which has accused the fund of failing to"describe the risks to investors in its target market determination filings,"It comes after the Australian Securities and Investments Commission issued an interim stop order on Oct. 17 directed at Holon's three funds due to non-compliant target market determinations .
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