On April 27, the first Bitcoin and Ethereum ETF will be launched in Australia. In the USA, people are looking enviously at Down Under.
- 21Shares will launch a Bitcoin and Ethereum ETF in Australia. The company made the announcement on Tuesday. It is partnering with ETF Securities to do so.
- Both funds will be listed on the Cboe Exchange starting April 27, as will the Cosmos Asset Management Bitcoin ETF.
- Coinbase is acting as custodian of the funds. They will be held in the most secure “cold storage” possible.
- 21Shares manages $2.5 billion in assets with 30 exchange-traded products.
- The two ETFs offer investors a “way to trade cryptocurrencies in a highly regulated environment without having to maintain their wallet and manage risk,” said Graham Tuckwell, executive chairman of ETF Securities Australia.
- The introduction of crypto ETFs in Australia led to criticism of U.S. regulators by VanEck Director Gabor Gurbacs. He called the U.S. Securities and Exchange Commission’s conservative approach to allowing a Bitcoin ETF a “big loss for investors.”
Picture by Pixabay
Post source: Australia gets more ETFs for Bitcoin and Ethereum
