Cboe Australia has announced the first Ethereum Exchange Traded Fund (ETF). Cboe Australia is a regulated stock exchange
According to a statement by Cboe, the Cosmos Purpose Ethereum Access ETF (CPET) will soon be available to Australian investors. Cosmos is an Australian based asset management company that oversees a range of digital assets
CPET invests in the Purpose Ether ETF which holds physically settled Ether tokens rather than derivatives. The fund is backed by crypto custodian Gemini.
Since its launch on the Toronto Stock Exchange (TSX) in April 2021, the fund has reportedly accumulated more than AUD $570 million in assets under management.
Cboe Australia CEO Vic Jokovic said they are pleased to broaden their partnership with Cosmos Asset Management and launch CPET to Australian investors on Cboe Australia.
“As investors continue to seek cryptocurrency exposure, it’s important the market provides them with choice and access. CPET offers Australians with unique access to the world’s first physically settled Ether ETF, and we’re excited to watch its progress.”
Cosmos Asset Management CEO Dan Annan said CPET makes it easy for Australians to invest in Ethereum:
“Now, adding Ethereum exposure is as familiar and easy for Australian investors as trading shares.”
CPET will commence trading on Cboe Australia on May 31, 2022, and will be available through Cboe Australia.
Previously, on 12 May, Cboe Australia and Cosmos Asset Management expanded Australian access to Bitcoin through the launch of the Cosmos Purpose Bitcoin Access ETF (CBTC).
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