The ASX’s first crypto-focused ETF will launch next week
Markets

The ASX’s first crypto-focused ETF will launch next week

  • BetaShares says 85% of its new index is focused on companies whose revenue comes directly from servicing cryptocurrency markets, or have at least 75% of their assets in crypto holdings.
  • Those among the index include Coinbase, the largest US-based cryptocurrency exchange, and the Bitcoin mining company Riot Blockchain.
  • The ETF, trading under the ticker "CRYP", will become the first to be traded on the ASX and the second in Australia, after Cosmos Asset Management launched one of its own on Chi-X, the ASX's biggest rival.
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