Alternative Investments/Digital: Crypto Funds Launching Overseas

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Three crypto ETFs debut in Australia on Thursday, while three new ETPs listed on Deutsche Börse Xetra.

Three Crypto ETFs are finally expected to debut in Australia after a delay of two weeks pending resolution of “downstream issues.” Separately, three new crypto ETPs from CoinShares providing directly backed exposure to FTT, LINK, and UNI, the native tokens underpinning the FTX, Chainlink, and Uniswap networks, have already begun trading on the Deutsche Börse Xetra.

Crypto ETFs in Australia

According to a Bloomberg report, the Cosmos Purpose Bitcoin Access ETF, the 21Shares Bitcoin ETF and 21Shares Ethereum ETF will launch on Cboe Australia on Thursday.

The ETFs were originally planned to commence trading in April, but in an embarrassing last minute postponement, the launch was delayed pending the completion of “standard checks.”

Meanwhile, another issuer has thrown its hat into the Australian crypto ring. 3iQ, the Canadian firm with Bitcoin and Ether spot ETFs trading on the Toronto Stock Exchange, also submitted two offer notices to the Australian Securities Exchange (ASX) on April 28.

3iQ is looking to offer bitcoin and ether ETFs for trading on the Cboe Australia exchange, the notices reveal.

CoinShares Crypto ETPs in Europe

Coinshares has listed the euro-denominated CoinShares FTX Physical FTX Token (CFTT GY), the CoinShares Physical Chainlink (CCHA GY), and the CoinShares Physical Uniswap (CIWP GY) ETPs on the Deutsche Börse Xetra.

All the three are physically backed ETPs providing exposure to the underlying tokens.

While the FTX ETP listed on April 28, the Chainlink and Uniswap ETPs listed on May 4, 2022.

The holdings of the ETPs are custodied by Komainu, a hybrid institutional-grade digital asset custodian designed specifically for financial service providers and blue-chip corporates.

The expense ratio of each ETP is 1.50%.

Related Story: Australia’s First Bitcoin ETF May Debut Next Week

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