Cboe Australia today introduced the ETFS 21Shares Bitcoin ETF (“EBTC”) and the ETFS 21Shares Ethereum ETF (“EETH”), the first exchange traded funds to offer Australian investors with direct, regulated exposure to the world’s largest digital tokens by market capitalisation, Bitcoin and Ethereum.
Leading provider of specialist ETF solutions ETF Securities selected Cboe Australia to launch Australia’s first cryptocurrency-backed ETFs to investors, providing local investors with simple access to the growing appeal of cryptocurrency.
EBTC and EETH, developed in conjunction with the world’s largest crypto-currency ETP product issuer, 21Shares, will offer investors a more familiar investing experience when investing in Bitcoin and Ethereum, reducing the uncertainty associated with investing in cryptocurrencies.
Cboe Australia CEO, Vic Jokovic, said:
“We’re pleased to partner with ETF Securities to bring the first Crypto ETFs to market in Australia on the exchange. EBTC and EETH are breakthrough products that will pave the way for more Australians to expose their portfolios to cryptocurrency in a regulated manner.
We are committed to providing Australians with access to best-in-class technology and innovative investment solutions, and ETF Securities’ decision to quote EBTC and EETH on Cboe Australia is a testament to that commitment. As a part of Cboe Global Markets, Cboe Australia will continue to leverage our parent’s global expertise and technological capabilities to enhance the Australian market.”
ETF Securities Chairman, Graham Tuckwell, said:
“Today is an exciting day for our team, a culmination of months of hard work to bring these ETFs to the Australian market. EBTC and EETH are true firsts for Australia, and we are excited to be launching with Cboe Australia.
The market capitalisation and trading volumes for these two leading cryptocurrencies are now larger than any company listed on the Australian stock exchanges, yet investors have not been able to gain access to them in a regulated manner. By offering this access through an ETF, investors can now gain portfolio exposure to these crypto- currencies in an institutional-type way.”
EBTC and EETH commence trading on Cboe Australia on 12 May 2022 and will be available through Cboe market participants and supporting Australian stockbrokers.