When will Australia's first bitcoin exchange-traded fund (ETF) be available?

Australia’s first Bitcoin exchange-traded fund (ETF) is set to become available for investors from late April 2022. Sydney-based investment company Cosmos Asset Management has effectively been given the green light to list its Bitcoin ETF on equities trading platform Cboe as early as 27 April, according to The Australian Financial Review.

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.

Are there exchange traded funds (ETFs) in Australia?

Coinciding with the cryptocurrency market losing nearly 2/3rds of its value since it’s peak in late 2021, there has been the rise of exchange traded funds (ETFs) listed in Australia that gives exposure to crypto such as Bitcoin or Ethereum. There are currently eight ETFs in Australia available for investors to gain exposure to crypto.

What are the best cryptocurrency ETFs in Australia?

In this article, we road test the best cryptocurrency ETFs in Australia across a range of different metrics to provide our analysis on the most suitable choice for investors. CRYP was launched in late 2021 and has since become the largest crypto ETF, by size, with $35 million.