- Cboe Australia said the downstream issues that caused the delay have been resolved
- EFT Securities, in association with 21Shares, will create a Bitcoin– and ETH– Launch spot ETF
- cosmos Asset Management will debut a Bitcoin ETF
Late last month, Australia was expected to unveil three crypto exchange-traded funds (ETFs) slated to list on Cboe Global Market’s Cboe Australia.
Two of the three ETFs were a bitcoin and ethereum spot ETF by 21Shares (in partnership with ETF Securities) and the third was a bitcoin EFT offered by Cosmos Asset Management. However, the Cboe exchange announced late, just before the launch date set for April 27, that the three ETFs had been delayed.
Back this Thursday
Cboe Australia has now provided an update and says the three ETPs will be launched this Thursday. After a two-week delay, the Cboe exchange confirmed in a series of circulars sent out yesterday that the ETFS 21Shares Bitcoin ETF, ETFS 21Shares Ethereum ETF and the Cosmos Purpose Bitcoin Access ETF will debut on May 12.
With ETFs back in action, 21Shares and Cosmos have allayed concerns as the delay had allowed Toronto-based 3iQ Digital Asset Management to get in the race for the first launch. The company filed plans with the Australian Securities and Investments Commission on April 28 to list the 3iQ CoinShares Bitcoin Feeder ETF and the 3iQ CoinShares Ethereum Feeder ETF on the Cboe Australia.
3iQ aimed to outperform 21Shares and Cosmos in offering the crypto products, meaning the delayed ETFs could not have come sooner.
In a statement to The Australia Financial Review, ETF Securities claimed to have won a “Perennial competition among ETF providers“ launch the first ETFs in Australia to directly track Bitcoin and Ethereum. ETF Securities defined it as a win because Cosmos’ products and 3iQ’s products are effectively feeders to offshore ETFs.
“In which cryptocurrency placed in an ETF, investors can trade and own them in a highly regulated environment with government oversight.” read the statement.
However, Cosmos also claimed winner status, with CEO Dan Annan praising victory in launching Australia’s first Bitcoin EFT.
“Cosmos Asset Management is pleased that the exchange Cboe has announced that trading for Australia’s first Bitcoinspot ETF will start on Thursday. We are excited to bring this highly anticipated Bitcoin ETF to the Australian market.“
Source: Crypto News Deutsch