Crypto-Focused Equities ETF Could Begin Trading in Australia in Coming Weeks

Posted on by American Coins & Gold

Crypto-Focused Equities ETF Could Begin Trading in Australia in Coming Weeks
An exchange-traded fund (ETF) offering exposure to crypto-focused companies could soon begin trading in Australia.ETF manager BetaShares said Wednesday it expects its Crypto Innovators fund to start trading on the Australian Stock Exchange (ASX) “in the coming weeks,” subject to regulatory approval.Trading under the ticker code “CRYP”, the ETF will offer exposure to crypto-focused companies, aiming to track the Bitwise Crypto Industry Innovators Index, the firm said in an emailed statement.Current constituents include crypto exchange Coinbase, mining company Riot Blockchain and bitcoin hodling business intelligence firm Microstrategy.By holding companies, rather than cryptocurrencies themselves, the ETF has a similar structure Volt…