On 30 June 2021, ASIC released its consultation paper 343: Crypto-assets as underlying assets for ETPs and other investment products (CP343). The consultation has a broad remit and potentially significant consequences for trading in and investment exposure to crypto-assets.
ASIC is seeking feedback on proposals about exchange-traded products (ETPs) and other investment products that provide retail investors with exposure to crypto-assets. Other investment products covered by CP343 are listed investment companies, listed investment trusts and unlisted registered managed investment schemes.
The rise in value of crypto-assets, particularly bitcoin, is driving huge market interest in crypto-asset investment opportunities. Read our update to understand ASIC’s emerging regulatory position at a glance.