Saturday, April 13, 2024

In Australia, Mawson Infrastructure Group has launched a mining-focused exchange-traded fund (ETF)

The Cosmos Asset Management unit of Mawson Infrastructure unit listed its digital infrastructure-focused and crypto mining ETF on the Chi-X stock exchange of Australia.

The Group has listed an Australian crypto mining ETF, which includes Hut 8 mining and Galaxy Digital, among other organizations.

The diversified digital infrastructure provider mentioned that the ETF is the first product of the Cosmos Asset Management unit. The ETF will be listed under the code called “DIGA.CXA” and will be called Cosmos Global Digital Miners Access ETF.

No News about When the New ETF Will Start Trading

According to a statement, the ETF intends to track the Global Digital Miners Index’s performance. Standard & Poor manages this Index. However, the press release was quiet about when this new ETF will begin trading.

The top 3 holdings of the ETF are Galaxy Digital (To have 20percent allocation), Hut 8, and Marathon Digital. The last two will have a weighting of 14 percent, according to the website of Cosmos Asset Management.

The ETF is launched amid a recent array of new digital currency-related ETFs, which are already introduced in the United States and other nations.

The new ETF aims to offer access to global traders that are listed on national exchanges. It will have a focus on cryptocurrency assent infrastructure and mining. James Manning, CEO, and founder of Mawson said so in his statement.

Another ETF, which has big exposure to crypto miners is Viridi Cleaner Energy Crypto-Mining and Semiconductor ETF. The ETF is up 74 percent since it was introduced in July this year

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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