Are you ready for Crypto ETFs coming to Australia this Thursday?
There were no crypto-based ETFs listed on the Australian bourse. Although, there is BetaShares Crypto Innovators ETF, but it is not a Crypto pure-play ETF.
This soon became a thing of the past as Australia's first sharemarket-listed cryptocurrency investment funds will begin trading this Thursday (May 12). The three new exchange-traded funds are Cosmos Purpose Bitcoin Access ETF, ETFS 21Shares Bitcoin ETF and ETFS 21Shares Ethereum ETF.
This even includes a spot Bitcoin ETF and Ethereum ETF - products that haven't yet been approved in the US.
For consumers, crypto-based ETFs offer an added layer of institutional-grade security, which an individual investor might not get while investing directly. For the industry, it's a milestone moment for the adoption of digital assets.
This even includes a spot Bitcoin ETF and Ethereum ETF - products that haven't yet been approved in the US.
For consumers, crypto-based ETFs offer an added layer of institutional-grade security, which an individual investor might not get while investing directly. For the industry, it's a milestone moment for the adoption of digital assets.
“As crypto ETFs are completely new to Australia and the infrastructure is being built from the ground up, a service provider downstream needs more time to support the launch,”
21Shares had said last month.
As I am planning to invest in crypto, it's exciting to watch how these developments unfold!
As I am planning to invest in crypto, it's exciting to watch how these developments unfold!
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Rookie22 : Bad timing
Amani koala OP Rookie22 : Yes I agree![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Rookie22 Amani koala OP : Now crypto crashing . Luna some problem now haha .
102698813 : Is it coincidence, with the plunging of crypto of lately?
010101010 : Actually, good timing. Buy in when mkt is down, enjoy the upswing as the mkt recovers.
103875312 OWL : market had been on steep downward trend since the beginning of May. should buy in this opportunity to realized some gain during upward correction
nuubtrader : Still trying to understand crypto and investigate their use, pros and cons.
Amani koala OP 103875312 OWL : Are your ready for the gains![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Amani koala OP 102698813 : I think the launch of these ETFs gives people more options to get exposure to crypto, which is a sign the market is maturing.
PanJen : Ethernet or bit
Which one do people prefer?