CBOE Australia lists the physical ether ETF from Cosmos in the middle of market problems

CBOE Australia lists the physical ether ETF from Cosmos in the middle of market problems

CBOE Australia announced on Monday that it wrote down the stock market-traded Ether Fund (ETF) from Cosmos Asset Management, despite volatile conditions that continue to plague the crypto market.

The Cosmos Purpose Ethereum Access Etf (CPET) invests in the Canadian purico Ether ETF, which holds physically processed tokens instead of derivatives such as futures or options.

The Ether Etf of Purpose Investment, a world first, came on the market in April last year after the Authority of the Canadian Securities authorities over the Toronto Stock Exchange.

Since then, the fund has accumulated more than $ 409.9 million in managed assets. The Australian subsidiary of CBOE GLOBAL Markets hopes to benefit from the passion of this fund and expects local investors to react similar to Cosmos.

"Since investors continue to look for cryptocurrencies, it is important that the market offers them options and access," said Vic Jokovic, Ceo of Cboe Australia. "CPET offers Australians unique access to the world's first physically processed ether ETF and we look forward to observing its progress."

This view may be a bit optimistic, since the falling interest coincides with a decline in crypto prices. At the beginning of this month, the debut of the Australian Spot Bitcoin and Ether ETFs from 21 shares with trade volumes of around $ 656,000 or $ 415,000 remained behind the market expectations.

On the same day, Bloomberg Intelligence Senior Etf Analyst Eric Balchunas described the debut by 21share in a tweet as "shocking timid". The interest was not the only hurdle for Australian crypto ETFs.

In April, CBOE Australia, the introduction of the Cosmos Purpose Bitcoin Access ETF, 21Shares, decided to stop together with ETF Securities, and named "Standard Exams" as the main reason for the delay.

The latest Ether ETF nopination of the Australian company Cosmos is also carried out at a time when the markets of periods of extreme volatility were hit after a significant decline in maximum prices at the end of last year.

The market shows signs of a trend reversal in the middle of a wider upward trend in global raw materials and stocks. Bitcoin is once again on the way over the $ 30,000 mark.

Nevertheless, further rallies are required to strengthen investor confidence in the middle of the current downward trend, which has stopped of around $ 69,000 in November since the highest level of the lead crypto.

CPET is available from CBOE Australia and supporting Australian stock exchange brokers.

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The contribution CBOE Australia Lists Cosmos ’Physically-Settled Ether Ether Ether Ether Market Woes is not a financial advice.