Cryptocurrency-focused corporate 21Stocks has teamed up with main exchange-traded fund (ETF) supplier ETF Securities to release Australia’s first spot bitcoin ETF, the company stated in a remark Tuesday.

The 21Stocks Bitcoin ETF (EBTC) is about to head live to tell the tale the rustic’s Cboe buying and selling platform, previously Chi-X, on April 27. 21Stocks’ product joins a equivalent fund from Cosmos Asset Control that may get started buying and selling at the identical day.

Cosmos’ product become the first bitcoin ETF to receive the green light for launching in Australia the day prior to this as the chief agreed to the rustic’s primary clearing area necessities for 42% of margin for this kind of product.

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