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Australia today Bitcoin ETFs Arrive in Australia Just as Crypto Market Tanks

Bitcoin ETFs Arrive in Australia Just as Crypto Market Tanks

Australia today Bitcoin ETFs Arrive in Australia Just as Crypto Market Tanks

The first ETF launched in Australia today Supply and demand BTC,ETH The worlds of exchange-traded funds (ETFs) and cryptocurrency have collided, as investors can now take direct ownership of Bitcoin and Ethereum through an ETF. Initially coming to Australia through two providers, these three ETFs mean that Australia is now the eighth country in the world to offer direct Bitcoin exposure. The first 2 ETFs, ETFS 21Shares Bitcoin (EBTC) and ETFS 21Shares Ethereum (EETH), started trading on the CBOE exchange today, with the broker saying this is the first of its kind in Asia. Kanesh Chu, Head of Distribution at ETF Securities, highlights the work that has been going on with regulators since 2017, while noting the benefits of buying an ETF cryptocurrency in today's market. “Australian investor interest in cryptocurrencies has not diminished in recent months although we have seen a weaker performance and with the recent Bitcoin selloff as well, this could present an opportunity for investors …

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