Share this article
Australia Crypto ETF Market Heats Up With Two More Spot Funds Set to Launch
21Shares and ETF Securities will introduce Australia's first spot exchange-traded products for bitcoin and ether next week.
Updated May 11, 2023, 5:33 p.m. Published Apr 20, 2022, 10:21 a.m.
The market for crypto exchange-traded funds in Australia is becoming more crowded, with two spot exchange-traded funds from 21Shares set to launch next week, joining an offering from Cosmos Asset Management.
- 21Shares, which has $2.5 billion in assets under management with 30 global exchange-traded products, has partnered with ETF Securities to launch a bitcoin ETF and an ether ETF, the company said in a statement Tuesday.
- The products will be the first in Australia to invest directly in the underlying assets. Cosmos Asset Management's ETF invests in the Toronto-based Purpose Bitcoin ETF as opposed to spot bitcoin.
- Both funds will be listed on the Cboe Exchange starting on April 27 with prices being tracked against the Australian dollar.
- The funds will hold bitcoin and ether in cold storage, with Coinbase (COIN) as the custodian.
- The two products give investors a "way of trading crypto in a tightly-regulated environment without having to maintain their wallet and manage risk," said Graham Tuckwell, executive chairman of ETF Securities Australia.
- The introduction of crypto ETFs in Australia prompted criticism of U.S. regulators from VanEck Director Gabor Gurbacs, who labeled the U.S. Securities and Exchange Commission's conservative stance on listing a bitcoin ETF as "a big loss for investors."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
BlackRock expands crypto bet with 7 senior hires across U.S. and Asia
The $10 trillion asset manager is staffing up to scale digital asset ETFs, pursue tokenization and identify "first-mover big bets" in Asia.
What to know:
- BlackRock is hiring seven senior digital asset roles, including one in Singapore, to expand its crypto and blockchain strategy.
- One U.S.-based role will help grow the iShares digital asset ETF lineup, including the $70 billion iShares Bitcoin Trust (IBIT), and develop new crypto-linked products.
- The Singapore role will lead BlackRock’s digital asset push across Asia, with a focus on long-term strategy and identifying first-mover opportunities.
Top Stories
