Bitcoin, Ethereum ETFs Delisted in Australia as Crypto Winter Continues

Bitcoin, Ethereum ETFs Delisted in Australia as Crypto Winter Continues
A representation of the virtual cryptocurrency Bitcoin in a picture illustration taken on Oct. 18, 2021. Edgar Su/Reuters
Naveen Athrappully
Updated:

Cosmos Asset Management is looking to delist two of its cryptocurrency exchange-traded funds (ETFs) from the Cboe stock exchange in Australia owing to the downturn in digital assets that started at the end of last year.

Cosmos, based in Sydney, intends to delist its Purpose Bitcoin Access ETF (CBTC) and Purpose Ethereum Access ETF (CPET), with a combined asset value of about A$1.1 million ($710,000). Launched with much fanfare, the investment firm’s bitcoin ETF was the first crypto fund to be listed on Cboe when it debuted in April. “Trading on the funds will continue to be halted pending the outcome of the application to Cboe,” said a letter by Hollie Wight, company secretary.

Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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