Cboe Australia has expanded its offering by adding new exchange-traded funds (ETFs) from iShares, a BlackRock entity, marking a significant development in BlackRock’s global distribution strategy. This inclusion of iShares ETFs across all Cboe exchanges worldwide underscores BlackRock’s prominent position in the asset management industry.
Cboe Australia Adds BlackRock’s iShares ETFs to Its Assets List
Dave Howson, Cboe Global Markets’ Executive Vice President and Global President, highlighted the importance of this initiative, stating, “The introduction of iShares ETFs to Cboe Australia marks a pivotal achievement in realising Cboe’s vision for global listings. Cboe stands out as the only exchange network offering asset managers a streamlined avenue for listing their products across our five exchanges, thereby enhancing global capital access and secondary market liquidity.”
The addition of iShares ETFs to the Australian market comprises several key funds, including the iShares MSCI World ex Australia Momentum ETF (Ticker: IMTM), iShares MSCI World ex Australia Quality ETF (Ticker: IQLT), and iShares MSCI World ex Australia Value ETF (Ticker: IVLU). With Cboe being a leading ETF listing venue in the US, boasting more than 680 ETF listings, Cboe Australia plays a vital role, contributing to approximately 40% of the daily trading volume of ETFs in Australia.
In a notable development last month, the US Securities and Exchange Commission (SEC) granted approval to 11 asset management firms to list spot Bitcoin ETFs on major US stock exchanges such as NYSE Arca, Nasdaq, and Cboe BZX, marking a significant step forward for the trading of these ETFs.
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The firms receiving approval include ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton, signalling a broadening acceptance of cryptocurrency-related investment products.
Analysts are forecasting a surge in investments into Bitcoin ETFs, with expectations ranging from $50 billion to $100 billion in the first year alone. However, SEC Chair Gary Gensler has clarified that this approval is limited in scope and should not be interpreted as an endorsement of crypto asset securities.
The launch of Bitcoin ETFs in the US has already attracted significant investor interest, with $1.9 billion flowing into these funds in just the first three trading days, highlighting the draw of lower fees and the strong reputations of firms like BlackRock and Fidelity.
