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Bitcoin ETFs set to roll out down under

Published

4 years ago

April 21, 2022

The Bitcoin exchange-traded fund phenomenon is set to launch down under, as regulators prepare to announce a whole new range of approvals

At the centre of it all is Cosmos Asset Management, with the company reportedly launching a Bitcoin Access ETF in coming days.

In addition to this, ’21Shares A-G’ working alongside ‘ETF Securities’ will likely launch their Bitcoin and Ether funds on April 27.

Bitcoin and crypto ETFs have become a hot topic over the past several months, with the hype largely following US regulators approving a futures-based fund.

The chairman of ETF Securities Australia says the two products give investors a “way of trading crypto in a tightly-regulated environment without having to maintain their wallet and manage risk”.

But with an expected tightening of Federal Reserve monetary policies, there has been a recent reduction in the appeal of riskier investments.

Related Topics:australia crypto Politics trending

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.