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Chi-X adds cryptocurrency mining ETF to exchange

Yasmine Masi29 October 2021
Ethereum and Bitcoin physical coins

Chi-X Australia has added the Cosmos Global Digital Miners Access ETF (DIGA) to the Chi-X exchange, providing Australian investors with exposure to the growing appeal of the mining and infrastructure sector, without directly holding cryptocurrencies.

DIGA aims to provide investors with access to global leaders in digital asset mining and infrastructure, including Marathon Digital (MARA), Riot Blockchain (RIOT), Hive Blockchain Technologies (HIVE) and Hut 8 Mining Corp (HUT).

The fund tracks the Global Digital Miners Index, which was designed by Cosmos Asset Management and maintained by S&P Dow Jones Indices, to expose investors to globally listed companies that generate at least 80% of their revenue from digital asset mining and infrastructure.

“We are delighted to welcome the Cosmos Global Digital Miners Access ETF to Chi-X,” said Vic Jokovic, CEO of Chi-X Australia.

“Investor demand for access to advanced products and technologies, including cryptocurrencies, is constantly increasing and we expect this trend to continue as more products like DIGA become available.

“With Chi-X Australia now part of Cboe Global Markets, we’re excited to build on our shared reputations of innovation, whether that be through the launch of an ETF such as DIGA or the recent acquisition by our parent of ErisX, which operates U.S. based digital asset spot and derivatives markets.”

Dan Annan, CEO of Cosmos Asset Management, said having the Cosmos Global Digital Miners Access ETF on Chi-X Australia is a significant development for the Australian funds management sector.

“For too long, investors have had to weigh up access to the growth of digital assets such as cryptocurrencies with the risks associated with investing through unregulated structures.

“By offering a product on an Australian regulated exchange such as Chi-X, it means investors do not have to directly hold cryptocurrencies and, importantly, provides Australians with the ability to access the potential upside of the next wave of financial market innovation.”

DIGA commences trading on Chi-X as of today and will be available through Chi-X market participants and supporting Australian stockbrokers.

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