Cosmos Asset Management Intends to Delist Crypto ETFs in Australia
Cosmos' bitcoin ETF was Australia's first such fund when it listed on Cboe in April.
Nov 2, 2022 at 10:19 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/W4ENL7DJTFD5DHFMRCM2G5THAM.jpg)
(Shutterstock)
Jamie Crawley is a CoinDesk news reporter based in London.
Cosmos Asset Management intends to apply to delist two of its cryptocurrency exchange-traded funds (ETF) that trade on the Cboe stock exchange in Australia.
The Sydney-based investment firm intends to delist its Purpose Bitcoin Access ETF (CBTC) and Purpose Ethereum Access ETF (CPET). The funds invest in bitcoin (BTC) and ether (ETH) through the Purpose Bitcoin ETF and Purpose Ether ETF, which are listed on the Toronto Stock Exchange.
The two funds have total assets of about A$1.1 million (US$710,000).
Cosmos' bitcoin ETF was Australia's first such fund when it listed on Cboe in April. It was followed by two spot ETFs offered by 21Shares shortly after.
The funds saw a muted start when they commenced trading with volumes well below expectations. The onset of the crypto winter in the ensuing months is likely to have damped appetite further.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/www.coindesk.com/resizer/Wsw21Z13uYNeMwlEy09fcHX_LHw=/arc-photo-coindesk/arc2-prod/public/Z2G3HHMTVJGWRAQIH4UHCT3FEY.jpg)
Jamie Crawley is a CoinDesk news reporter based in London.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Jamie Crawley is a CoinDesk news reporter based in London.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/OFOZHKYDDFAIRLI53T6L3HVHGU.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/X4XKJVMDZ5DSNNYCIV6RVWOWHA.jpeg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7EQCMLZF5NBFZHUUDIUWNWLJAM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZWOVGA7NQZGLJIDMQPMXJDOH6M.jpg)