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.
Bitcoin price found support near the $60,600 zone. BTC is recovering but the bears might…
An analyst has explained why the recent high in Bitcoin has experienced different market conditions…
Bitcoin, the leading cryptocurrency, has recently been scrutinized by several analysts and traders as it…
The Bitcoin price has experienced heightened volatility over the past week. After recovering from a…
Originally published on Unchained.com. Unchained is the official US Collaborative Custody partner of Bitcoin Magazine…
TKRead MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]