Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-04-26 10:36:29

Australia’s Three New Crypto Exchange-Traded Fund Face Last-Minute Delays

The launch of three new cryptocurrency exchange-traded funds (ETFs) in Australia faces last-minute delays less than a week after they were officially announced, undermining the country’s bid to be the top destination for digital assets in the developed countries world. After being on track to beat the US to the launch of a Bitcoin spot ETF, the delay is likely to undermine Australia’s desire to emerge as a top destination…Read more: — webnow🌎 (@webnowcompany) April 26, 2022 On April 27, the funds were set to go live on Australia’s Cboe market. However, this has been postponed due to delays caused by parties unrelated to the ETFs or the exchange. There hasn’t been any new information about the debut date. Head of product at Australia’s ETFS Management said, “We have become aware late on Friday that a downstream service provider may not be fully ready to support the launch of the Bitcoin and Ethereum ETFs,” ETF Securities, along with Switzerland-based 21Shares AG, is behind a Bitcoin and Ethereum spot-traded fund introduced last Tuesday. On the same day, Australia’s Cosmos Asset Management unveiled its third ETF, the Canadian Purpose Bitcoin ETF, which invests in Bitcoin. An ETF is a financial product that tracks the price of an underlying asset like a share that can be exchanged on stock exchanges, allowing investors to gain exposure to assets that they might not be able or willing to participate indire...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.