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.
