The Australian regulator has approved three cryptocurrency exchange-traded funds from Cosmos Asset Management and 21 Shares for listing on Cboe Australia.
BTCUSD is up 4.39%, ETHUSD is up 6.79%
BitcoinETF from Cosmos Asset Management and BTC and Ether ETFs from 21 Shares are expected to start trading on May 12.
Cboe Australia had earlier postponed listing the three funds, citing what it termed standard checks. 21 Shares had commented that service providers needed more time to approve the offerings.
The news comes as a rival Canadian company, 3iQ, lists Bitcoin and Ether ETF on the Toronto Stock Exchange. The firm also recently submitted ETF offer notices to the Australian Securities Exchange on April 28.
3iQ has outlined plans to have units of its BTC and ETH ETFs on the Cboe Australia Exchange. The funds are currently pending listing and are expected to increase the competition in the asset class in Australia.