Mawson Infrastructure Group Lists Mining-Focused ETF in Australia

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Mawson Infrastructure Group has listed an Australian crypto mining exchange-traded fund (ETF) that features Galaxy Digital and Hut 8 mining, amongst different firms.

  • The supplier of diversified digital infrastructure companies stated Monday the ETF, which would be the first product provided by its Cosmos Asset Management unit, will probably be named Cosmos Global Digital Miners Access ETF, below the code “DIGA.CXA.”
  • The ETF will monitor the efficiency of the Global Digital Miners Index, which is managed by Standard & Poor’s, based on a statement. The press launch didn’t specify when the ETF will begin buying and selling.
  • The ETF’s high three holdings will probably be Galaxy Digital with a 20% allocation inside the fund, whereas Hut 8 and Marathon Digital will each have a 14% weighting, based on the Cosmos Asset Management website.
  • The ETF comes amid a latest flurry of latest cryptocurrency-related ETFs which have launched in the U.S. and in different nations.
  • “The Cosmos Global Digital Miners Access ETF is designed to provide access to global leaders listed on national exchanges with a focus on cryptocurrency asset mining and infrastructure,” Mawson founder and CEO James Manning stated in a press release.
  • Other ETFs which have heavy publicity to crypto miners embody Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ), which is up 74% since its inception in July, and Bitwise Crypto Industry Innovators ETF (BITQ), which has climbed 24% since launching earlier this 12 months and announced on Monday that it had surpassed $100 million in belongings below administration.

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