Cosmos Asset Management has launched a digital asset mining and infrastructure fund - the Cosmos Global Digital Miners Access ETF (Chi-X: DIGA) - on the Chi-X exchange.
The fund invests in companies like Marathon Digital (NADSAQ: MARA), Riot Blockchain (NASDAQ: RIOT), Hive Blockchain Technologies (NASDAQ: HIVE) and Hut 8 Mining Corp (NASDAQ: HUT) and tracks the Global Digital Miners Index.
The index is designed by Cosmos Asset Management, and maintained and rebalanced by S&P Dow Jones Indices. It will only include companies that generate at least 80 per cent of their revenue from digital currency (such as Bitcoin) mining and infrastructure.
"Quoting 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," Cosmos Asset Management chief executive officer, Dan Annan, said.