Bitcoin ETFs Set to Roll Out in Australia to Test Crypto Demand

The Bitcoin exchange-traded fund bandwagon is coming to Australia as regulators finalize approvals for products offering direct exposure to digital assets.

Cosmos Asset Management said it’s preparing to launch the Cosmos Purpose Bitcoin Access ETF in coming days. It will invest in the Purpose Bitcoin ETF, a Toronto-listed fund with assets of about C$1.6 billion ($1.3 billion).

“We anticipate to launch the product next week” pending a final regulatory green light, Dan Annan, chief executive officer at Cosmos, said in an interview.

Meanwhile, 21Shares AG in partnership with ETF Securities expects Bitcoin and Ether funds to go live …