Australia’s First Spot Crypto ETFs Launching Through ‘ETF Securities’ and ’21Shares’

December 04, 2021, 9:30 AM AEST - 6 months ago

ETF Securities will partner with 21Shares to provide Australian investors with access to the country’s first direct Bitcoin and Ethereum exchange-traded funds (ETFs), along with a best-in-class blockchain education and research centre.

Australia Gets its First Direct BTC and ETH ETFs

Subject to regulatory approvals, the ETFS 21Shares Bitcoin ETF (EBTC) and ETFS 21Shares Ethereum ETH will provide Australians with a way to invest in Bitcoin and Ethereum, via funds operated by the new partnership between ETF Securities and 21Shares. Zurich-based 21Shares, backed by Cathie Wood, has currently almost US$3 billion in assets under management in its 20 European crypto exchange-traded products (ETPs) available across eight exchanges. 21Shares has managed Bitcoin and Ethereum ETPs for three years and was additionally responsible for creating the world’s first physically-backed crypto ETP in 2018.

Graham Tuckwell, executive chairman of ETF Securities Australia, had this to say:

Once we had decided to build a range of crypto ETFs for the Australian market, there was only one partner we wanted to work with and that’s 21Shares. They are [at] the cutting edge of crypto ETPs in the world today.

Graham Tuckwell, executive chairman, ETF Securities Australia

Along with the ETFs, the partnership will also offer a research and education centre to be built on 21Shares’ investment-grade and cutting-edge research – some of the world’s most comprehensive. The research covers a vast array of different blockchains and cryptos, not only Ether and Bitcoin but also lesser-known, fast-growing cryptos such as Avalanche, Solana and Polygon.

The centre aims to explain in simple English how the often-complicated crypto and blockchain-verse works, and will also feature the latest crypto news, various blockchain metrics, price action and important news on miners, custodians and other companies involved in the supply chain.

Hany Rashwan, chief executive of 21Shares, expressed that the company was excited to take on the partnership to launch cryptos ETFs for Australian investors: “This partnership is an opportunity to combine our expertise to provide the simplest and most transparent way to access the best performing asset class of the last 10 years.”

Australian ETFs Undergo Explosive Growth

The announcement of the partnership between ETF Securities and 21Shares comes as welcome news amid Bitcoin ETF applications growing out of control. There are 34 Bitcoin ETF applications currently pending approval, with the number rising every day.

The ETF joins BetaShares ETF in offering crypto investment to the Australian market. BetaShares, an Australian crypto ETF, launched in early November and surpassed all expectations as A$5.2 million was traded in only five minutes, smashing Australian Securities Exchange trading records.

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