What are Australia's New bitcoin ETFs?

Initially coming to Australia through 2 providers, these 3 ETFs will mean Australia is now the 8th country in the world to offer direct exposure to Bitcoin. The first 2 ETFs, ETFS 21Shares Bitcoin (EBTC) and ETFS 21Shares Ethereum (EETH), have begun trading on the CBOE exchange today, with the broker saying this is the first of its kind in Asia.

What is a bitcoin ETF?

A Bitcoin ETF is an exchange-traded fund that invests primarily in assets related to the original cryptocurrency, Bitcoin. ETFs sell shares to investors on the open market, and use the proceeds to build a portfolio of assets based on a market index, a stock market sector or another asset class like crypto. ETFs are similar to mutual funds.

What are ETFs and how do they work in Australia?

The worlds of exchange-traded funds (ETFs) and cryptocurrencies have collided, with investors now able to gain direct ownership of Bitcoin and Ethereum through an ETF. Initially coming to Australia through 2 providers, these 3 ETFs will mean Australia is now the 8th country in the world to offer direct exposure to Bitcoin.

Is the bitcoin exchange-traded fund bandwagon coming to Australia?

The Bitcoin exchange-traded fund bandwagon is coming to Australia as regulators finalize approvals for products offering direct exposure to digital assets. Cosmos Asset Management said it’s preparing to launch the Cosmos Purpose Bitcoin Access ETF in coming days.