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Australia Launches Bitcoin ETFs As Market Crashes

  • Australian bitcoin ETFs went dwell on Thursday.
  • Both a spot bitcoin fund, the nation’s first, and a fund of funds launched on the Australian Cboe.
  • The launch was a timid one amid a broader market sell-off.

Two bitcoin exchange-traded funds (ETFs) began buying and selling as we speak on the Australian Cboe Global Markets Inc., one being a spot bitcoin ETF and the opposite investing in a spot bitcoin ETF abroad, in accordance to a press launch despatched to Bitcoin Magazine.

The 21Shares Bitcoin ETF (EBTC:AU) is a spot bitcoin ETF provided in partnership with ETF Securities. EBTC straight invests in bitcoin and shops it in chilly storage on Coinbase. The Cosmos Purpose Bitcoin Access ETF (CBTC:AU), however, invests within the Purpose Bitcoin ETF, the world’s first physically-settled bitcoin ETF in North America.

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