Australia’s First Bitcoin ETF To Be Listed Next Week: Report
By Oliver Knight
Cosmos Asset Management’s Bitcoin ETF, Australia’s first bitcoin exchange-traded fund, will be listed on the Cboe equities trading platform next week, Australian Financial Review reported on Tuesday.
-
ASX Clear, the clearing house at the center of Australian capital markets, has confirmed it has four market participants that will cover initial margin requirements of 42%.
-
A notice will be sent to market participants on Wednesday, the newspaper said, citing Hamish Treleaven, ASX’s chief risk officer.
-
That will allow the product to start trading on April 27. The Cosmos fund invests in crypto through the Purpose Bitcoin ETF that listed on the Toronto Stock Exchange last November.
-
There is speculation of $1 billion in inflows when the ETF goes live in Australia next week, the newspaper reported.
-
Cosmos has two existing products, including the Global Digital Miners Access ETF, which trades on Cboe Australia with net assets of $2.1 million, and the unlisted Bitcoin Wholesale Access Fund.
-
ASX Clear’s approval for approving the Cosmos Bitcoin ETF may pave the way for the National Stock Exchange of Australia to begin listing bitcoin ETFs.
Editor’s Note:
New Global Currencies
New Resistance Global Currencies that support Independent Media and are against the “Great Reset” –
Our World Coin, a force for good and a peaceful revolution, is built to save humanity from the Globalists deadly Great Reset Totalitarian Agenda.
Bitcoin 2.0 is a new cryptocurrency that is looking to innovate the Global Payment System. It is backed by real value in independent media news sites & networks.
Truth Coin, a platform that’s free from Globalists’ control, and will not support the Great Reset Agenda or the vaccine digital passport. This enables everyone to support and benefit from building a better world, by the people for the people, a force for good.
