Key Takeaways:
- 21Shares and ETF Securities Launch partners to launch funds for the Australian market.
- The funds will help investors get into the world of digital currencies.
To make digital currencies more accessible to the public, crypto firms are making investment procedures easy. Recently, a Swiss-based issuer of crypto Exchange Traded Products (ETPs), 21Shares AG, and the top ETP provider, ETF Securities have announced the launch of two separate funds that will provide the mass a simple, low-cost, and direct access to investments in cryptocurrency.
This is not the first joint venture of the companies. On December 2, 2021, the firms partnered to launch Australia’s first Bitcoin and Ethereum ETFs and a “best-in-class blockchain research and education center.”
As a part of the recent venture, EBTC, ETFs 21Shares Bitcoin ETF will keep an eye on the value of Bitcoin in Australian dollars. Whereas, EETH, ETFs 21Shares Ethereum ETF will be tracking the value of Ether in Australian dollars. The funds to launch will be going live on April 27and will be listed on CBOE Exchange.
Graham Tuckwell, the Executive Chairman of ETF Securities Australia said that they have always wanted to partner with 21Shares to build a range of crypto ETFs in Australia, as the latter offers a “pioneering approach” and “secure investment”.
He further stated that these funds will allow investors to trade in a ” tightly regulated environment” not worrying about managing their Bitcoin or Ethereum wallets, and substantial risks.
The CEO and co-founder of 21Shares, Hany Rashwan, said, “We’re so incredibly excited to be able to offer the first direct exposure Bitcoin and Ethereum ETF in Australia. Australian investors clearly want and deserve an affordable, easy, and professional way to access the growing crypto asset class and we’re delighted to continue building accessible bridges into the crypto world. We’re starting with Bitcoin and Ethereum but have even more exciting plans for Australian investors.”
