Australia to list crypto mining-focused ETF on Chi-X
A first in Australia, Mawson Infrastructure Group has listed a cryptocurrency mining-focused ETF, which follows the performance of crypto mining companies, on the Australian derivative exchange Chi-X on Monday.
This exchange-traded product, called “Cosmos Global Digital Miners Access ETF” has been launched by the group’s Cosmos Asset Management unit. The product has been listed under the ticker symbol DIGA.CXA.
Specifically, the ETF is designed to track the performance of the Global Digital Miners Index, an index that follows the price movements of digital asset mining and infrastructure-related companies.
The fund will track popular US and Canadian mining companies, including Galaxy Digital (20.30%), Hut8 (14.12%), Marathon Digital (13.98%), Riot (12.78%), Bitfarms (6.04%), and more.
“The Cosmos Global Digital Miners Access ETF is designed to provide access to global leaders listed on national exchanges with a focus on cryptocurrency asset mining and infrastructure,” Mawson founder and CEO James Manning said in the press release. He added:
“We believe this is a significant development and milestone for the Australian funds management industry, providing greater opportunities, flexibility, and access to this growing industry.”
Last week, Australia gave the green light to list crypto-related ETFs on Australia Stock Exchange. Along with it, the authorities released relevant guidelines on the listing of crypto-related ETFs. The guidelines specify the conditions and requirements needed for the approval of in-kind Bitcoin and Ethereum ETFs.
The post Australia to list crypto mining-focused ETF on Chi-X appeared first on Our Bitcoin News.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Gauri Bhatia, @Khareem Sudlow
