Exchange-traded funds provider ETF Securities is launching two funds in an Australian first, allowing people to invest in Bitcoin and Ethereum.
The ETFS 21Shares Bitcoin ETF (Code: EBTC), and ETFS 21Shares Ethereum ETF (Code: EETH) will list on Cboe Australia (formerly Chi-X) next week.
They will both track the price of the respective cryptocurrency in Australian dollars and is backed by bitcoin and ether held in cold storage by Coinbase.
ETF Securities has partnered with European fund manager 21Shares, which has been managing cryptocurrency exchange traded products since 2018, for the funds.
ETF Securities Australia Executive Chairman Graham Tuckwell said both EBTC and EETH give investors a way of trading cryptocurrency in a tightly regulated environment, without the need to establish and maintain their own bitcoin or Ethereum wallets, or manage the risks.