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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.

By Jamie Crawley
AccessTimeIconNov 2, 2022 at 10:19 a.m. UTC
Updated May 9, 2023 at 4:01 a.m. UTC
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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.

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    • 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.

    Read more: A Year After Debut, ProShares Bitcoin ETF Has Underperformed Market by 1.8%





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    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

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