Three new crypto ETFs to begin trading in Australia this week

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Three new crypto ETFs to begin trading in Australia this week
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  • 📰 Cointelegraph
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Australia will soon host five crypto ETFs tracking Bitcoin and Ethereum as three previously delayed funds are back on track and two new funds enter the race.

Australians will soon have more options for spot cryptocurrency exchange-traded funds after a previous hold-up was given the green light this week and new funds entered the ETF market.that three funds previously delayed are expected to begin trading on Thursday, May 12. They include a Bitcoin ETF from Cosmos Asset Management, plus Bitcoin and Ethereum spot ETFs from 21Shares.

Cboe Australia and Cosmos did not immediately respond to a request for comment, but a spokesperson from 21Shares confirmed to Cointelegraph:On April 26, a day before three of the first crypto ETFs were set to launch, theof all three funds due to what it said were “standard checks”. 21Shares said to Cointelegraph at the time that a"service provider downstream” needed more time to support the launch of the products which was believed to be a prime broker or other major financial institution.

The listing date comes just in time as a new competitor stepped into the ETF race. 3iQ, the Canadian firm with Bitcoin and Ethereum spot ETFs listed on the Toronto Stock Exchange , submitted two offer notices to the Australian Securities Exchange on April 28.

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