ETFs for Bitcoin and ether to be launched in Australia

ETFs for Bitcoin and ether to be launched in Australia

According to local publication Australian Financial Review, citing Australia’s main clearing house ASX Clear, four ETF issuers have agreed to cover margin requirements for listing such investment products. The first ETF with direct investments in Cryptocurrencies will be launched by 21Shares, a Swiss company.

“Australian investors want an easy and professional way to access a growing class of crypto-assets, and we are excited to continue to build such bridges into the cryptocurrency industry. We’ll start with bitcoin and ether, but we have much more interesting plans for Australian investors”

emphasized 21Shares CEO Hany Rashwan

Cosmos Asset Management is also set to launch a Bitcoin futures ETF in Australia. The launch is scheduled for April 27. The firm’s management expects the new product could raise as much as $1 billion.

Earlier this month, the Australian Prudential Regulation Authority (APRA) said that despite its supervisory role, the agency will not restrict the development of the Crypto industry.

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Written by Renat
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