What is Cosmos asset management's bitcoin ETF?

Cosmos Asset Management’s Bitcoin ETF, Australia’s first bitcoin exchange-traded fund, will be listed on the Cboe equities trading platform next week, Australian Financial Review reported on Tuesday.

Will Cosmos delist its Bitcoin and Ethereum ETFs?

K2 Asset Management, the responsible entity for Cosmos’ locally listed bitcoin and ethereum ETFs, on Wednesday told the Cboe Australia exchange (formerly Chi-X) of Cosmos’ intention to apply for “de-quotation” of its these funds. Cosmos also applied to delist its crypto miners ETF, DIGA. bringing the total funds being pulled to around $1.6 million.

Does Cosmos invest in bitcoin miners?

The North Sydney-based Cosmos, led by former BlackRock and BetaShares executive Dan Annan, listed an equities fund invested in bitcoin miners in September last year. It followed up with the launch of bitcoin and ethereum ETFs on Cboe in May this year, both of which were feeder funds into Toronto-listed ETFs managed by Purpose Investments.

What is a bitcoin ETF?

A Bitcoin ETF is an exchange-traded fund that invests primarily in assets related to the original cryptocurrency, Bitcoin. ETFs sell shares to investors on the open market, and use the proceeds to build a portfolio of assets based on a market index, a stock market sector or another asset class like crypto. ETFs are similar to mutual funds.