Industry experts: Australias new per per rypto ETFs are a signifiper ant milestone
Categories: Crypto News US
The first Aussie crypto ETFs have kicked off, with many observers considering them to be a major moment for the digital assets industry Down Under, if not globally. But that acknowledgement comes with caveats, according to at least three Aussie-based industry experts.The three crypto-focused exchange-traded funds to have launched on the Cboe Australia exchange so far include two from 21Shares (a Bitcoin one: EBTC and an Ethereum-specific one: EETH) and another from the Sydney-based Cosmos Asset Management – CBTC. A couple more ETFs (Bitcoin and Ethereum focused respectively) are set to launch, too, from the large Canadian competitor 3iQ. ( last week regarding its Aussie market entry.)So far, according to reports, the new 21Shares and Cosmos investment products , although they did happen to launch in the middle of the Terra LUNA stablecoin sh*tstorm as Stockheads Christian Edwards called it. It was one of the bloodiest weeks crypto has seen in a long time, and this week may not prove to be much better.