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 holding business-intelligence software firm Microstrategy.
By holding companies, rather than cryptocurrencies themselves, the ETF has a similar structure Volt Equity, which was recently approved by the U.S Securities and Exchange Commission to start trading on the New York Stock Exchange.
BetaShares said 85% of the index is focused on companies that either derive at least 75% of their revenue from directly serving crypto markets or have at 75% of their net assets in direct liquid crypto-asset holdings.
The firm first submitted its application to the ASX to list a crypto ETF in May, according to Australian Financial Review.

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

The ETF will offer exposure to crypto-focused companies, such as Coinbase and Riot Blockchain.

VanEck Exec on Spot Bitcoin ETF Launch in Australia