Australia to List its First Bitcoin ETF, Germany the World's Most Crypto Friendly Country, What's Pumping GMT?

 Australia to list its first Bitcoin ETF next week

Australia Securities Exchange (ASX) will be listing its first-ever Bitcoin exchange-traded fund next week. Cosmos Asset Management, a hedge fund firm based in Sydney, received the green light from ASX Clear, the clearinghouse for equity capital markets. “We are now at our minimum number of clearing participants, and that means we are good to go,” Hamish Treleaven, the CEO of ASX Clear, said. Speculation estimates up to $1B could flow into Bitcoin once the ETF gets listed. 

Germany overtakes Singapore as the most crypto-friendly country.

According to Coincub Global Crypto Ranking for Q1 2022, Germany took the number one spot for being the most crypto-friendly country in the world. Singapore was knocked out of first place due to regulations restricting cryptocurrency advertising and clamped down on Bitcoin ATMs. The USA took third place for having the most bitcoin mining operations, and China was rated last for issuing a ban on cryptocurrency mining last year. 

What is pumping GMT?

GMT, the governance token of STEPN, has surged by 34000% since its launch in March 2022. The Green Materverse Token is used within the STEPN app to access features such as minting high-quality sneakers. Players can choose to sell or lease their NFT sneakers to earn GST tokens. STEPN is built on the Solana blockchain and is a first mover in the move-to-earn blockchain technology space.

Written by Lindi Miti © Crypto University 2022