The Corporations Amendment (Digital Assets Framework) Bill 2025 was approved by the Senate on April 1.

eToro managing director for Australia, Robert Francis, said bringing digital assets under ASIC regulation and requiring an AFSL provides the confidence many have been waiting for.

“At the moment, people can see that there’s opportunities within the market, but regulation provides them with greater confidence to invest,” Francis said.

He added that the growth of crypto ETFs has been driven by investors seeking exposure to digital assets without investing in them directly.

“Now that it falls under ASIC regulations and governance and there is a requirement of an AFSL, that will inspire confidence for institutions and…