CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Cryptocurrency miners ETF debuts in Australia

By Mensholong Lepcha


Updated

Bitcoin ETF illustration
Bitcoin ETF illustration - Photo: Shutterstock

Cosmos Asset Management on Thursday launched an exchange traded fund (ETF) tracking the performance of listed cryptocurrency miners and blockchain infrastructure providers from around the globe.

This is the third cryptocurrency-linked ETF to be launched in the space of two weeks, with ProShares Bitcoin Strategy ETF hitting the market on October 18.

The Cosmos Global Digital Miners Access ETF is listed on Australia’s Chi-X exchange and will trade under the ticker DIGA. The index will track the Global Digital Miners Index.

Tracks Global Digital Miners index

The Global Digital Miners index is custom designed by Cosmos Asset Management and is maintained by S&P Dow Jones Indices, said the prospectus.

The Global Digital Miners index will include only listed companies that generate at least 80% of their revenue from digital asset mining and infrastructure, Cosmos Asset Management said.

Companies with A market capitalisation of at least $100m and a median daily trading volume of at least $1m will be eligible for inclusion in the index and a 15% weightage cap will apply for each company for diversification purposes.

What is your sentiment on BTC/USD?

90824.45
Bullish
or
Bearish
Vote to see Traders sentiment!

ETH/USD

3,214.69 Price
+1.720% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 6.00

XRP/USD

0.71 Price
+3.740% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 0.01168

DOGE/USD

0.40 Price
+5.930% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 0.0012872

BTC/USD

90,824.45 Price
+2.280% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

Seven Nasdaq listed firms included 

Seven Nasdaq-listed companies namely Marathon Digital, Hut 8 Mining, Riot Blockchain, Hive Blockchain Technologies, Canaan, Cipher Mining and Bit Digital are among the top 10 holdings on the underlying index.

Toronto-listed Galaxy Digital Holdings, Canada-based Bitfarms and London-headquartered Argo Blockchain make up the top 10 constituents on the Global Digital Miners index, as of 26 October.

According to Cosmos Asset Management, its Global Digital Miners index has returned about 683.7% over the year, as of 26 October, compared to Bitcoin’s return of about 330% in the same period.

Bitcoin ETFs underwater

Despite the huge publicity surrounding the ProShares ETF and its peer Valkyrie Bitcoin Strategy ETF, they both ended their first week's trading below their issue price

Read more: ProShares files to become first Bitcoin ETF on NYSE

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 660,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading