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Australia’s Delayed New Crypto ETFs to Starting Trading This Week

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Australians will have more options for spot crypto exchange-traded funds (ETFs) after a prior hold-up was given the green light this week, according to a report by Cboe on Tuesday.

The latest update comes after Cboe Australia issued a series of market notices that the three funds initially delayed are set to start trading on May 12.

The three funds include a Bitcoin (BTC) ETF from Cosmos Asset Management, plus BTC and Ether (ETH) spot ETFs from 21Shares.

21Shares stated that a service provider downstream needed additional time to support the launch of the products, which was believed to be a prime broker or other major financial entity.

The listing data emerge as a new rival entered the ETF race. 3iQ, the Canadian firm with Bitcoin and Ether spot ETFs announced a listing on the Toronto Stock Exchange (TSX), and had submitted two offer notices to the Australian Securities Exchange.

The notices disclosed plans for the firm to provide units of its Bitcoin and Ether ETFs on the Cboe Australia Exchange. BTCUSD up +5.79%, ETHUSD up +8.54%

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