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This ETF provides Australian investors exposure to crypto currency via a registered managed investment scheme listed on Cboe (Ticker: CBTC). The underlying asset is the Purpose Bitcoin ETF which is managed by Purpose Investments and quoted on the Toronto Stock Exchange.

Launched today.... looking a bit underwhelming (as are the debuts of EETH and EBTC, also today)

Management Fee   ...0.00%

Indirect Costs  1.25%pa

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Three new ETFs began trading on the Cboe Australia exchange on Thursday, each experiencing trading volumes below $1 million and under performing bullish market expectations amid a global sell off in the underlying prices of bitcoin and ether.

The ETFS 21Shares Bitcoin ETF (EBTC) and ETFS 21Shares Ethereum ETF (EETH), issued by industry pioneer ETF Securities, attracted investor inflows of $954,925 and $604,305 respectively. The Cosmos Purpose Bitcoin Access ETF (CBTC), offered by two year old crypto specialist Cosmos Asset Management, secured $454,002 in trading on its debut day.

The trading volumes fell well below those enjoyed by the record-breaking BetaShares Crypto Innovators ETF (CRYP), which invests in crypto related shares and did $8million on Day One.

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