Three Crypto ETFs To Be Delisted In Australia As Crypto Winter Continues

Two of the funds were just given the green light for trading in the country in May, following regulatory approval.

The companies behind the Cosmos Purpose Ethereum Access ETF, Cosmos Purpose Bitcoin Access ETF and Cosmos Global Digital Miners Access ETF have filed to have their listings revoked on Cboe Australia, according to the letters disclosed on November 2.

The decision to revoke the quotes reflects the impact of the crypto winter on the demand for crypto assets, not management teams' belief in the future of the space, according to reports. Each of the three funds has a net asset value of less than $1 million.

On October 31, Cosmos requested a halt to trading in its Bitcoin and Ether ETFs. A trading halt has also been requested separately by One Managed Investment Funds Limited for the Digital Miners ETF.

Two of the funds were given the green light for trading in the country just in May, after gaining regulatory approval, as reported by Cointelegraph. For the first Bitcoin ETF listing in Australia, Cosmos landed the minimum of four market participants to meet the 42% margin requirements needed to cover the risk. At the time, local players predicted inflows of up to $1 billion for the asset class.

According to a recent report by CryptoCompare, the average daily trading volume of