BetaShares crypto company ETF smashes Australian records on opening day
The CRYP fund was marketed as an opportunity for stock market investors to dip their toes into crypto Australian fund management company BetaShares’ new crypto company ETF smashed Australian Securities Exchange (ASX) records within the first 15 minutes of listing.The Capital Appreciation Portfolio Diversification (CRYP) fund enables investors to gain exposure to 50 pure-play listed crypto companies from around the world such as exchanges, mining companies and equipment firms. Some of the top companies on CRYP include Galaxy Digital (12.0%), Marathon Digital (11.3%), Coinbase Global....
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The fund will trade on ASX and aims to provide a level of crypto exposure to institutional investors. Six months following its application with the Australian Securities Exchange (ASX), BetaShares is now close to launching a new crypto-focused exchange-traded fund (ETF).According to an Oct. 13 announcement, the official name of the Aussie ETF manager’s new product is BetaShares Crypto Innovators ETF. After relevant regulatory approvals, it would trade under the ticker symbol CRYP on the ASX. As with the similar Bitcoin (BTC) or crypto-focused ETFs, BetaShares’ fund aims to provide a level....
Numerous institutional crypto product applications have been lodged as Australians buy more Bitcoin. Family offices in Australia are reportedly piling into digital assets as fund managers compete to list the country’s first cryptocurrency-backed exchange-traded fund.VanEck and BetaShares have each lodged submissions with the Australian Securities Exchange (ASX) following a rejection of industry speculation in March that the exchange was opposed to such products. The ASX confirmed that had received formal applications from several other investment managers eager to launch their own Bitcoin....
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....
The Purpose Bitcoin ETF, the first approved BTC ETF in North America, has broken investment records in its first few days on the market. The post First-Ever North American Bitcoin ETF Breaks Records In Opening Week appeared first on Bitcoin Magazine.
The Cryptopunks non-fungible token (NFT) collection has seen a new record as the NFT Cryptopunk #5822 sold on Saturday for 8,000 ether or more than $23 million. The new owner of the NFT, Deepak Thapliyal, the CEO of a blockchain firm called Chain explained that he used leverage via Compound Finance in order to acquire the NFT. Cryptopunk #5822 Sells for 8,000 Ethereum A new Cryptopunks record has been achieved on Saturday, February 12, 2022, when Deepak Thapliyal purchased Cryptopunk #5822 for 8,000 ETH worth $23.3 million using today’s ether exchange rates. Cryptopunks is a popular....