Cosmos Asset Management’s Bitcoin ETF will be listed on Cboe equities next weekRead MoreFeedzy
Cosmos Asset Management’s Bitcoin ETF, Australia’s first bitcoin exchange-traded fund, will be listed on Cboe equities next week, Australian Financial Review reported.
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, the chief risk officer at the ASX.
That will allow the product to start trading on April 27. The Cosmos product invests in crypto through the Purpose Bitcoin ETF that listed on the Toronto Stock Exchange last November.
There is speculation of a $1 billion capital inflow when the ETF goes live in Australia next week, the newspaper reported without saying where it got the information.
Cosmos has two existing products, the Global Digital Miners Access ETF, which trades on Cboe Australia with net assets of $2.1 million, as well as the unlisted Bitcoin Wholesale Access Fund.
ASX Clear’s approval for clearing the Cosmos Bitcoin ETF may pave the way for the National Stock Exchange of Australia to begin listing bitcoin ETFs.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and…
Bitcoin finds itself at a critical crossroads, hovering between two major price zones that could…
Jake Claver, CEO of Digital Ascension Group, says ultra-wealthy families are rapidly accumulating XRP, and…
The Casascius coins were designed as offline cold storage with embedded private keys, but the…
In a not-so-surprising turn of events, the bearish orientation of the Bitcoin price has continued…
Two long-dormant Casascius coins, each loaded with 1,000 Bitcoin, were activated on Friday, unlocking more…