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.”

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Post source: Australia gets more ETFs for Bitcoin and Ethereum

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