Bitcoin ETFs Launch In Australia As Market Goes Red
Two new bitcoin ETFs launched today in Australia, a spot bitcoin fund directly acquiring bitcoin and a de-facto fund of funds.Australian bitcoin ETFs went live on Thursday.Both a spot bitcoin fund, the country’s first, and a fund of funds launched on the Australian Cboe.The launch was a timid one amid a broader market sell-off.Two bitcoin exchange-traded funds (ETFs) started trading today on the Australian Cboe Global Markets Inc., one being a spot bitcoin ETF and the other investing in a spot bitcoin ETF overseas, according to a press release sent to Bitcoin Magazine. The 21Shares Bitcoin....
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Australians will soon have five options for cryptocurrency exchange-traded funds as the delayed funds from Cosmos and 21Shares launch this week along with 3iQ’s in the future. Australians will soon have more options for spot cryptocurrency exchange-traded funds (ETFs) after a previous hold-up was given the green light this week and new funds entered the ETF market.The latest update came late on May 9 as Cboe Australia issued a round of market notices that three funds previously delayed are expected to begin trading on Thursday, May 12. They include a Bitcoin ETF from Cosmos Asset....
The trio’s launch marks the first crypto ETFs to go live in Australia, with two of them focused on offering exposure to BTC and the other focused on ETH. With crypto markets tanking, three crypto-focused exchange-traded funds (ETFs) picked a difficult day to commence trading on local exchange Cboe Australia today. The trio’s launch marks the first crypto ETFs to go live in Australia, with two of them focused on offering exposure to Bitcoin (BTC) and the other focused on Ethereum (ETH). So far the three ETFs have generated more than $1.3 million between them, and it has been estimated that....
Both of the new Australian exchange-traded funds by 3iQ Digital Asset Management will feed from its existing Bitcoin and Ethereum ETFs listed on the Toronto Stock Exchange. A further two cryptocurrency-backed exchange-traded funds (ETF) have launched on the Cboe Australia exchange on Monday, bringing the total amount of crypto ETFs available to Australian traders to six.The Canada-based 3iQ Digital Asset Management launched two spot ETFs, the 3iQ CoinShares Bitcoin (BTC) Feeder ETF and the 3iQ CoinShares Ether (ETH) Feeder ETF.Both of the Australian funds feed from the firm’s Canadian ETFs....
The rush toward the XRP Exchange-Traded Fund (ETF) has intensified as new institutional funds move closer to launch. Early data and analysts’ commentary point to a rapidly expanding ETF landscape that could significantly tilt the market toward cryptocurrency. With multiple XRP ETFs now live and more still set to launch, the market narrative is shifting […]
The number of XRP ETFs on the DTCC website has increased even as these funds prepare for launch. Expert Nate Geraci noted that the first ‘33 Act XRP ETF could launch this week, which is a positive for XRP. Record XRP ETFs Now Listed On The DTCC Website DTCC data shows that nine XRP ETFs […]