Cryptocurrency ETFs: Trading on ASX and Cboe Australia
Introduction
Cryptocurrency exchange-traded funds (ETFs) have gained significant traction in recent years, allowing investors to gain exposure to the volatile crypto market without directly owning digital assets. In Australia, several ETFs have emerged on the ASX and Cboe Australia, providing investors with different options for crypto exposure.
ASX-Listed ETFs
BetaShares Crypto Innovators ETF (CRYP)
CRYP is the first ASX-listed ETF to provide exposure to crypto markets. It invests in a basket of up to 50 assets, including Bitcoin, Ethereum, and other cryptocurrencies. CRYP provides focused exposure to companies and applications involved in the crypto ecosystem.
BetaShares Crypto Innovators Active ETF (CBTC)
CBTC is an actively managed ETF that invests in a portfolio of crypto-related companies and projects. It aims to provide exposure to the growth potential of the crypto industry and is suitable for investors with a higher risk tolerance.
VanEck Bitcoin ETF (EBTC)
EBTC is Australia's first ETF to invest directly in Bitcoin. It allows investors to gain exposure to the price movements of Bitcoin without the need for a digital wallet or exchange account.
Cboe Australia-Listed ETF
Cosmos Purpose Bitcoin Access ETF (CC00)
CC00 is the first Bitcoin ETF to be listed on Cboe Australia. It provides investors with physical exposure to Bitcoin, with the underlying assets held in cold storage.
Delisted Funds
Several cryptocurrency ETFs have been delisted from the ASX and Cboe Australia due to factors such as low trading volumes, regulatory changes, or a lack of liquidity. These include:
- ETFS Bitcoin ETF (EBTC)
- VanEck Vectors Digital Assets ETF (DIA)
- ETF Securities Crypto Fund (ECF)
Key Considerations
When considering investing in cryptocurrency ETFs, it is important to understand the risks involved. The crypto market is highly volatile, and the value of ETFs can fluctuate significantly. Investors should conduct thorough research and consider their financial objectives and risk tolerance before making any investment decisions.
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