3iQ Launches Australia’s Third Bitcoin ETF With A Unique Structure
3iQ’s fund operates as a mutual underlying fund of bitcoin holdings valued by the weighted average price of BTC without taking direct custody of any bitcoin.3iQ released a bitcoin ETF on Australia’s Cboe Exchange today which serves as a mutual fund of bitcoin holdings.The fund will not hold bitcoin directly.The CoinShares Bitcoin Feeder ETF will have the lowest fee structure available in Australia.3iQ Corporation, the largest and oldest digital asset investment fund manager in Canada, has launched a new bitcoin exchange traded fund (ETF) on Cboe exchange in Australia, via a press release....
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Australian investors will be able to trade its first Bitcoin spot ETF starting next week when the Cosmos Asset Management Bitcoin ETF launches on ASX Clear. Financial regulators have greenlit Australia’s first Bitcoin ETF to begin trading on April 27 and the Australian Financial Review reports it could see up to $1 billion in inflows.An ETF is a regulated exchange traded fund that allows investors to benefit from the price of Bitcoin (BTC) without needing to own any coins themselves directly.Cosmos Asset Management beat out local contenders VanEck, BetaShares, and EFT Securities to issue....