Bitcoin (BTC) fell over 3% in the last 24 hours,
extending the losing streak. At the moment the rate is close to the $32,000
mark and has tumbled over 28% this year so far. According to analysts, the
Russia-Ukraine war and changing economic policies impacted the cryptocurrency
market as investors shifted to more stable heavens.

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Bitcoin fear and greed index on Tuesday, May 10, 2022,
went from the extreme fear level of 11 to the level of 10 as per the
alternative. me. The Fear and Greed index is a technique for assessing
investors’ emotions toward the market.

Bitcoin is currently trading at $32,532.36, down 2.73%.
In the last 24 hours, the highest it touched was $33,710.48 and the lowest was
$29,944.80. Bitcoin has a current market cap of $619,844,241,560. It has a
circulating supply of 19,035,825.00 BTC coins and a maximum supply of
21,000,000 coins.

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Three new crypto ETFs to start trading in Australia this
week

Australians will soon have more options for spot
cryptocurrency exchange-traded funds (ETFs) after a precious hold-up was given
approval this week and new funds entered the ETF market.

On May 9, Cboe Australia issued a round of market notices
that three funds previously delayed are expected to start trading on Thursday,
May 12. They include a Bitcoin ETF from Cosmos Asset Management including
Bitcoin (BTC) and Ethereum (ETH) spot ETFs from 21 shares.

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On April 26, a day before the launch of three of the
first crypto ETFs, the Cboe Australia exchange delayed the listing of all three
funds citing “standard checks”.

The listing date comes at a time when a new competitor
entered the ETF race. 3iQ, the Canadian firm with Bitcoin and Ethereum spot
ETFs listed on the Toronto Stock Exchange (TSX), submitted two offer notices to
the Australian Securities Exchange (ASX) on April 28.

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According to the notices, the firm plans to offer units
of Bitcoin and Ethereum ETFs on the Cboe Australia exchange. It will provide
exposure to the crypto assets by purchasing units of the existing funds on the
TSX similar to Cosmos’ ETC which purchases the Canadian Purpose Bitcoin ETF.
The date of listing for the funds from 3iQ is not yet announced.