Tuesday, December 6, 2022

Australia’s CBOE Lists Three Crypto ETFs To Start Trading This Week

Must Read

[ad_1]

Australia’s CBOE lists three more cryptos ETFs to start trading this week and will soon have five options for ETFs as the delayed funds from Cosmos and 21Sharaes launch this week along with 3iQs in the future so let’s read more today in our latest cryptocurrency news.

Australia’s CBOE will provide more options for spot crypto exchange-traded funds after the previous hold up and then we saw a green light this week with new funds entering the market. The latest update came late on Monday as Cboe Australai issued a market notice that their funds previously delayed are expected to start trading on May 12 and they include a BTC ETF from Cosmos Asset Management as well as BTC and ETH from 21 Shares. Cboe Australia and Cosmos didn’t respond to a request for comment but a spokesperson confirmed:

“We’re listing on May 12, this Thursday. The downstream issues are resolved.”

A day before three of the first crypto ETFs was set to launch and Cboe Australia exchange delayed the listing of the funds due to what it said were standard checks. 21Shares said that a service provider downstream helped more time to support the launch of the products that were believed to be a prime broker or other major financial institution. The listing data came in time as the new competitor stepped into the ETF race and the Canadian firm 3iQ listed on the Toronto Stock Exchange also submitted two offer notices to the Australian Securities Exchange.

First BTC And ETH ETFs , debut, australia, 21shares

The notices revealed plans for the company to offer units to the BTC and ETH ETFs on the Cboe Australia exchange and will provide exposure to the crypto assets by purchasing units of the existing funds on the TSX similar to the Cosmos ETF which purchases the Canadian Purpose BTC ETF. It is unclear when the funds from 3iQ will be listed but after the announcement of the cosmos and 21Shares funds listing this week and it is unlikely to win the competition of being the first AU crypto ETF with the prize of which it is believed could be over $1 billion in inflows.

Also, The US-based crypto investment firms are still on the SEC’s desk. Grayscale for example is looking to convert its BTC trust into an ETF which should hew to the underlying asset’s price and companies like Antony Scaramucci’s SkyBridge Capital see the ETF as being much more profitable for companies as there are only af ew restrictions on who can invest.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

[ad_2]

Source link

Cryptoultimatum Crypto Trading Signal Service

LEAVE A REPLY

Please enter your comment!
Please enter your name here

I show You how To Make Huge Profits In A Short Time With Cryptos!
Trending
- Advertisement -

More Articles Like This