Cboe Australia introduces Cosmos Purpose Ethereum Access ETF to Australian investors
Cboe Australia introduces the Cosmos Purpose Ethereum Access ETF (CPET) to Australian investors.
CPET invests in the Purpose Ether ETF which holds physically settled Ether tokens rather than derivatives. The fund is backed by world-class cryptocurrency custodian Gemini, which uses a global compliance platform to secure the fund’s Ether assets.
Since its launch on the Toronto Stock Exchange in April 2021, the fund has accumulated more than AUD$570 million in assets under management.
Cboe Australia CEO Vic Jokovic commented:
“We’re pleased to expand our 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 added:
“CPET makes it easy for Australians to introduce Ethereum to their portfolio by eliminating the need for Ethereum wallets and cold storage, which are often the limiting factor for those interested in investing in cryptocurrencies. Now, adding Ethereum exposure is as familiar and easy for Australian investors as trading shares.”
CPET will commence trading on Cboe Australia on 31 May 2022 and will be available through Cboe Australia market participants and supporting Australian stockbrokers.
Earlier in May, Cboe Australia and Cosmos Asset Management expanded Australian access to bitcoin through the launch of the Cosmos Purpose Bitcoin Access ETF (CBTC). In 2021, Cboe Australia and Cosmos Asset Management introduced the Cosmos Global Digital Miners Access ETF (DIGA), giving Australians the ability to invest in the companies building the growing cryptocurrency sector.