Australia's first crypto ETFs expected to list this week

AUSTRALIA’S first cryptocurrency exchange-traded funds (ETF) are expected to list on Thursday (May 12) after “downstream issues are resolved”, according to a spokesperson with 21Shares AG, one of the firms working to bring these funds to the market.

• 21Shares AG, in partnership with ETF Securities, had originally planned to list the first cryptocurrency ETFs on the Cboe Australia in April; Cosmos Asset Management had also intended to list its crypto ETF then.
• The listings of Cosmos Purpose Bitcoin Access ETF, the 21Shares Bitcoin ETF and 21Shares Ethereum ETF were delayed due to 'standard checks', which were still being completed.
• "As crypto ETFs are completely new to Australia and the infrastructure is being built from the ground up, a service provider downstream needs more time to support the launch," 21Shares had said last month.
• Cboe Australia, a unit of Cboe Global Markets, has confirmed on its site that it will list the 3 new crypto ETFs on May 12.
• Both Cosmos and 21Shares have been competing to be the first to provide Australians with access to the world of crypto through ETFs. BLOOMBERG