Australia will see more options for spot cryptocurrency EFT after a previous hold-up was given the green light and new funds are set to enter the ETF market.
The latest update came as Cboe Australia issued a round of market notices that three funds previously delayed are expected to begin trading. They include a Bitcoin ETF from Cosmos Asset Management, plus Bitcoin and Ethereum spot ETFs from 21Shares.
A day before three of the first crypto ETFs were set to launch, the Cboe Australia exchange delayed the listing of all three funds due to “standard checks”.
The listing date comes just in time as a new competitor stepped into the ETF game. 3iQ which is a Canadian firm with Bitcoin and Ethereum spot ETFs listed on the Toronto Stock Exchange, submitted two offer notices to the Australian Securities Exchange.
The notices revealed plans for the firm to offer units of its Bitcoin and Ethereum ETFs on the Cboe Australia exchange.
