Cboe Australia uvrsti Cosmosov ETF s fizično poravnavo Ether sredi težav na trgu

Cboe Australia said Monday it has listed Cosmos Asset Management’s ether exchange-traded fund (ETF), despite volatile conditions that continue to plague the crypto market.

Cosmos Purpose Ethereum Access ETF (CPET) invests in Canada’s Purpose Ether ETF, which holds physically settled tokens instead of derivatives like futures or options.

Purpose Investment’s Ether ETF, a world first, came to market via the Toronto Stock Exchange in April last year following clearance from Canadian securities regulators.

Since then, the fund has accumulated more than $409.9 million in assets under management. The Australian subsidiary of Cboe Global Markets is hoping to tap into some of that fund’s fervour, with expectations domestic investors will respond in a similar fashion to Cosmos’.

“As investors continue to seek cryptocurrency exposure, it’s important the market provides them with choice and access,” said Cboe Australia CEO Vic Jokovic in a statement. “CPET offers Australians unique access to the world’s first physically settled Ether ETF and we’re excited to watch its progress.”

That view may be somewhat optimistic as declining interest has coincided with a drop in crypto prices. Earlier this month, the debut of 21Share' Australian spot bitcoin and ether ETFs fell short of market expectations, posting trading volumes of around $656,000 and $415,000 respectively.

On the same day, Bloomberg Intelligence Senior ETF Analyst Eric Balchunas called 21Share’s debut “shockingly timid” in a tweet. Interest has not been the only roadblock facing Australian-based crypto ETFs.

In April, Cboe Australia decided to halt the launch of the Cosmos Purpose Bitcoin Access ETF, 21Shares along with ETF Securities citing “standard checks” as the primary reason for the zamuda.

Australian-based Cosmos’ newest ether ETF listing also comes at a time when the markets have been checkered by periods of extreme volatility following a significant decline from peak prices witnessed late last year.

The market is beginning to flash signs of a reversal amid a broader uptick in global commodities and equities. Bitcoin is once again v porastu nad nivojem 30,000 USD.

Still, more rallies are required to shore up investor confidence amid the current downward trend that has persisted since the bellwether crypto’s peak of around $69,000 in November.

CPET is available through Cboe Australia market participants and supporting Australian stockbrokers.

Vsak večer v vaš nabiralnik prejmete najpomembnejše kripto novice in vpoglede dneva. Naročite se na brezplačno glasilo podjetja Blockworks zdaj.

Pošta Cboe Australia uvrsti Cosmosov ETF s fizično poravnavo Ether sredi težav na trgu pojavil prvi na Blockworks.

• Coinsmart. Najboljša evropska borza bitcoinov in kriptovalut.
• Platoblockchain. Web3 Metaverse Intelligence. Razširjeno znanje. PROST DOSTOP.
• CryptoHawk. Altcoin radar. Brezplačen preizkus.
• Source: https://blockworks.co/cboe-australia-lists-cosmos-physically-settled-ether-etf-amid-market-woes/