New Bitcoin ETF available on Cboe exchange

A partnership between Cboe Australia and Cosmos Asset Management will offer investors expanded exposure to Bitcoin through the new Cosmos Purpose Bitcoin Access exchange traded fund (ETF) (CBTC).

A fund-of-funds, CBTC invests in the world’s first physically settled Bitcoin ETF, the Purpose Bitcoin ETF, which invests directly in Bitcoin and has gained AUD$1.7 billion in assets under management (AUM) since its launch in 2021.

Vic Jokovic, CEO of Cboe Australia, said he was excited to deliver the Cosmos Purpose Bitcoin Access ETC to Australian investors.

“By bringing CBTC to market on Cboe Australia, Cosmos is making Bitcoin accessible to investors in a secure and recognisable structure, all underpinned by the first physically settled Bitcoin ETF in the world,” he said.

Cosmos Asset Management CEO, Dan Annan, also said the ETF would allow investors to access Bitcoin in ways they are already accustomed to.

“CBTC is a fund-of-funds and invests directly in the A$1.7 billion world first spot Bitcoin ETF, the Purpose Bitcoin ETF,” he said.

“This gives investors a secure and easy way to introduce cryptocurrency to their asset allocation mix using the same tried-and-tested process they are already well acquainted with, and in a liquid and well-regulated market.

“Bringing CBTC to market is a significant milestone for cryptocurrency in Australia, and a critical moment for the growing number of investor’s interested cryptocurrency.”

The Cosmos Purpose Bitcoin Access ETF will commence trading on Cboe Australia on 12 May and will also be available via Cboe Australia market participants and participating Australian stockbrokers.