Mawson Infrastructure Group Lists Mining-Focused ETF in Australia

Mawson Infrastructure Group Lists Mining-Focused ETF in Australia

Mawson Infrastructure Group has listed an Australian crypto mining exchange-traded fund (ETF) that features Galaxy Digital and Hut 8 mining, amongst different corporations.

  • The supplier of diversified digital infrastructure companies mentioned Monday the ETF, which would be the first product supplied by its Cosmos Asset Management unit, can be named Cosmos Global Digital Miners Access ETF, below the code “DIGA.CXA.”
  • The ETF will monitor the efficiency of the Global Digital Miners Index, which is managed by Standard & Poor’s, in keeping with a statement. The press launch didn’t specify when the ETF will begin buying and selling.
  • The ETF’s prime three holdings can be Galaxy Digital with a 20% allocation throughout the fund, whereas Hut 8 and Marathon Digital will each have a 14% weighting, in keeping with the Cosmos Asset Management website.
  • The ETF comes amid a latest flurry of latest cryptocurrency-related ETFs which have launched in the U.S. and in different international locations.
  • “The Cosmos Global Digital Miners Access ETF is designed to offer entry to international leaders listed on nationwide exchanges with a give attention to cryptocurrency asset mining and infrastructure,” Mawson founder and CEO James Manning mentioned in a press release.
  • Other ETFs which have heavy publicity to crypto miners embrace Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ), which is up 74% since its inception in July, and Bitwise Crypto Industry Innovators ETF (BITQ), which has climbed 24% since launching earlier this 12 months and announced on Monday that it had surpassed $100 million in belongings below administration.

Read extra: Bitcoin ETFs Aren’t New. Here’s How They’ve Fared Outside the US

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