Forex Equity Arbitrage on $COPX? NOT another forex bot post

This post may be stupid as I have pretty much no experience trading except investing in my Roth.  

So just saw that $COPX (Copper Mining etf) is around $27 USD on NYSE.  However on the Milan and London exchanges, it's 19.861 euros which is equivalent to $19.99.  Am I missing something here or is this some glitch? Could you buy the Milan/London and sell it on NYC?

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