2 years ago
Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.
The marketplace for crypto exchange-traded funds successful Australia is becoming much crowded, with 2 spot ETFs from 21Shares acceptable to motorboat adjacent week, joining an offering from Cosmos Asset Management.
21Shares, which has $2.5 cardinal successful assets nether absorption with 30 planetary exchange-traded products, has partnered with ETF Securities to motorboat a bitcoin ETF and an ether ETF, the institution said successful a connection Tuesday.
The products volition beryllium the archetypal successful Australia to put straight successful the underlying assets. Cosmos Asset Management's ETF invests successful the Toronto-based Purpose Bitcoin ETF arsenic opposed to spot bitcoin.
Both funds volition beryllium listed connected the Cboe Exchange starting connected April 27 with prices being tracked against the Australian dollar.
The funds volition clasp bitcoin and ether successful acold storage, with Coinbase arsenic the custodian.
The 2 products springiness investors a "way of trading crypto successful a tightly-regulated situation without having to support their wallet and negociate risk," said Graham Tuckwell, enforcement president of ETF Securities Australia.
The instauration of crypto ETFs successful Australia prompted disapproval of U.S. regulators from VanEck manager Gabor Gurbacs, who labeled the Securities and Exchange Commission's blimpish stance connected listing a bitcoin ETF arsenic "a large nonaccomplishment for investors".
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Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.
Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.
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