So far, the three ETFs have generated more than $1.3 million between them, and it has been estimated that they could see aroundThe Cosmos Purpose Bitcoin Access ETF from Sydney-based crypto investment firm Cosmos Asset Management offers a relatively indirect route to BTC, as it “approximately tracks the performance of the USD denominated ETF non-currency hedged units in the Purpose Bitcoin ETF.”exchange-traded products provider 21 Shares. The funds are called the Bitcoin ETF and Ethereum ETF .
Cosmos Asset Management’s fund has had a relatively slower start at 51,572 shares traded for a total of $398,135. However, activity could soon pick up, given that the firm has waived fees on CBTC for two months to attract institutional interest. “Given how volatile markets are now in the short term, it will be hard to determine how Bitcoin and Ether will perform. What we are seeing, though, is with Bitcoin coming off more than 50% from its 2021 high, investors are considering the current volatility as providing them with an opportunity to invest.”
In a public announcement, ETF Securities chairman Graham Tuckwell also emphasized the significance of launching crypto ETFs in a local context, given the stature of BTC and ETH.
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