2022-05-10 05:44:55

Australia’s First Crypto ETFs To Debut On May 12

 Australia’s first cryptocurrency exchange-traded funds (ETFs) will go live on the country’s Cboe exchange on Thursday, May 12, after difficulties keeping the financial products off the market for two weeks, Three funds were scheduled to debut in late April. However, the launch was postponed indefinitely due to last-minute brokerage issues. ETFs, provide investors with exposure to an underlying asset by tracking the price of that asset on a stock exchange. #cryptoetf #australiancryptoetf #exchangetradedfund #bitcoinetf Three new crypto ETFs to begin trading in Australia this week – — dumbwire CryptoNews 📟 (@dumbwire) May 10, 2022 ETFs Management (AUS) Ltd. and 21Shares AG, both based in Switzerland, are introducing two spot-traded ETFs: ETFS 21Shares Bitcoin ETF (EBTC) and ETFS 21Shares Ethereum ETF (EETH). All assets for the two products will be kept in cold storage, and investors will be able to trade cryptocurrency ETFs. Cosmos Purpose Bitcoin Access ETF (CBTC) by Cosmos Asset Management invests in Bitcoin through the Canadian Purpose Bitcoin ETF. The listing date coincides with the entry of a new participant into the ETF race. On April 28, 3iQ, a Canadian company with Bitcoin and Ethereum spot ETFs on the Toronto Stock Exchange (TSX), filed two offer notifications with the Australian Securities Exchange (ASX). The notices disclosed that the company...

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