Australia’s First Bitcoin ETF to Be Listed Next Week: Report

2 years ago

Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.

Cosmos Asset Management’s Bitcoin ETF, Australia’s archetypal bitcoin exchange-traded fund, volition beryllium listed connected Cboe equities adjacent week, Australian Financial Review reported.

  • ASX Clear, the clearing location astatine the halfway of Australian superior markets, has confirmed it has 4 marketplace participants that volition screen archetypal borderline requirements of 42%.

  • A announcement volition beryllium sent to marketplace participants connected Wednesday, the paper said, citing Hamish Treleaven, the main hazard serviceman astatine the ASX.

  • That volition let the merchandise to commencement trading connected April 27. The Cosmos merchandise invests successful crypto done the Purpose Bitcoin ETF that listed connected the Toronto Stock Exchange past November.

  • There is speculation of a $1 cardinal superior inflow erstwhile the ETF goes unrecorded successful Australia adjacent week, the paper reported without saying wherever it got the information.

  • Cosmos has 2 existing products, the Global Digital Miners Access ETF, which trades connected Cboe Australia with nett assets of $2.1 million, arsenic good arsenic the unlisted Bitcoin Wholesale Access Fund.

  • ASX Clear’s support for clearing the Cosmos Bitcoin ETF whitethorn pave the mode for the National Stock Exchange of Australia to statesman listing bitcoin ETFs.

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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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