The 21Shares and Cosmos ETFs are arriving late on Thursday

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Cboe Australia stated that the upstream issues that caused the delay have been resolved ETF Securities, in partnership with 21 Shares, will launch a Bitcoin spot ETF and ETH Cosmos Asset Management will debut a Bitcoin ETF At the end of last month, Australia was expected to debut three crypto exchange-traded funds (ETFs) that would be listed for Cboe Global Market’s Cboe Australia listing. Two were a Bitcoin and Ether spot ETF of 21 Shares (in partnership with ETF Securities), and the third was a Bitcoin ETF offered by Cosmos Asset Management. However, as things went on for a long time, towards the launch set for 27 April, the CBOE exchange announced that the three ETFs had been postponed. Arrive this Thursday Cboe Australia has provided an update and claims that the three ETFs will be launched on Thursday. After a two-week suspension, the CBOE exchange confirmed through a series of circulars sent yesterday that the 21 Shares Bitcoin ETF, the 21 Shares Ethereum ETF and the Cosmos Purpose Bitcoin Access ETF will debut on 12 May. With ETFs back active, 21 Shares and Cosmos calmed concerns as the delay allowed 3iQ Digital Asset Toronto-based management to be the first to enter the run-up to launch. The company filed a “muted” application with the Australian Securities and Investments Commission on 28 April with the intention of listing the 3iQ CoinShares Bitcoin Feeder ETF and the 3iQ CoinShares Ether Feeder ETF on Cboe Australia. 3iQ aimed to outperform 21 Shares and Cosmos in offering crypto products, which means that the ETFs overdue could not have arrived sooner. In a statement to Australia Financial Review, ETF Securities claimed to have won a “multi-year competition between ETF providers “ to launch the first ETFs in Australia that directly track Bitcoin and Ether. ETF Securities called it a win as Cosmos and 3iQ’s products are full-fledged offshore ETF power supplies. “By introducing cryptocurrency into an ETF, investors can trade and own it in a strictly regulated environment with government oversight “, the statement reads. However, Cosmos has also claimed winner status , with CEO Dan Annan praising the win for the launch of Australia’s first Bitcoin EFT. Cosmos Asset Management is delighted that Cboe exchange has announced that trading for Australia’s first bitcoin spot ETF will begin on Thursday. We are thrilled to be able to bring this much anticipated bitcoin ETF to the Australian market “.


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