An ETF for cryptocurrencies has applied to be listed in Australia.
An alternative to investing directly into coins and you can spread your risk over a basket of coins.
BLOC.V 2.51 -0.19 -7.04 % : GLOBAL BLOCKCHAIN TECHNOLOGIES - Yahoo Finance
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2017) - GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. ("GBT" or the "Company") (TSXV: BLOC) (FSE: BWSP) (OTC PINK: BLKCF) announces that the Company has commenced an Australian Stock Exchange ("ASX") listing application.
The Company plans to apply as an ASX Foreign Exempt Listing. This category is for entities listed on another securities exchange which wish to have a secondary listing on the ASX and which meet certain eligibility criteria. Entities in this category are expected to comply with the listing rules of the TSX.V and are exempt from complying with most of ASX's Listing Rules.
The ASX listing will bring significant benefits to the Company's exiting listings. These include:
Global Blockchain President Shidan Gouran noted, "The addition of a listing in Australia to our listing in Frankfurt brings access to trading much closer to 24 hours a day on conventional exchanges, which should be the standard in the digital age.
- One of the world's largest investment pools underpinned by Australia's mandatory superannuation system;
- Price discovery in a deep and liquid market worth well over a trillion dollars;
- The world class trading platform and clearing and settlement infrastructure of ASX
It is important that investors internationally have access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies."
About Global Blockchain Technologies Corp.
Global Blockchain Technologies Corp. is an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies. GBT is focused on streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top tier blockchains and digital currencies. GBT is listed on the TSX Venture Exchange and its common shares trade under the ticker symbol "BLOC". Other information relating to GBT is available on SEDAR at www.sedar.com as well as on the Company's website at www.globalblockchain.io
On behalf of:
GLOBAL BLOCKCHAIN TECHNOLOGIES CORP.
Theo van der Linde
Director and CFO
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