Crypto Mining ETF Debuts in Australia for the First Time
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New ETF Grants Exposure to Crypto Mining Sector in Australia
Cosmos Global Digital Miners Access exchange-traded fund (ETF) is launching on Chi-X Australia today allowing exposure to globally listed digital asset mining and infrastructure companies.
Trading under the ticker symbol DIGA, the fund tracks the Global Digital Miners Index, designed by Cosmos Asset Management tracking companies that generate at least 80% of their revenue from crypto mining and infrastructure, such as Marathon Digital, Riot Blockchain, Hive Blockchain Technologies, and Hut 8 Mining Corp.
Cosmos Asset Management chief executive Dan Annan said:
“Quoting the Cosmos Global Digital Miners Access ETF on Chi-X Australia is a significant development for the Australian funds management sector. For too long, investors have had to weigh up access to the growth of digital assets such as cryptocurrencies with the risks associated with investing through unregulated structures.”
With investor demand for accessing cryptocurrency-based products being constantly increased, Chi-X CEO Vic Jokovic stated, "We are delighted to welcome the Cosmos Global Digital Miners Access ETF to Chi-X".
Cosmos' Parent Company Owned by Bitcoin Mining Firm
Interestingly, Cosmos is owned by the Australian-based Nasdaq-listed bitcoin mining company Mawson Infrastructure Group even though the parent company of the fund issuer will not be included in its holdings as it lacks the requisite daily trading volume.
Mawson Infrastructure Group’s latest Bitcoin mining facility is set to launch in Australia’s Byron Bay this week and will be the country’s largest mining facility to be powered entirely by renewable energy. The project was ideated based on a recent Senate committee that promised to offer a 10% tax break to any digital asset mining company that runs on 100% renewable energy.