The Fin Review in the persona of Tony Boyd was extremely bullish on the idea of the BTC ETF back in early 2021.
From
Fin Review
Bitcoin believers and long-standing sceptics seem to agree that 2021 will be the year when several stock exchanges in leading financial centres drop their opposition to the listing of a Bitcoin exchange-traded fund (ETF).
A bitcoin ETF would be transformative for the asset class because it would bring it into the mainstream distribution networks run by brokers and financial planners. Also, a bitcoin ETF would have to abide by certain periodic and standardised pricing and valuation rules.
In
This AFR article he suggested the very first ETF would probably pull in in excess of AUD1billion.
Well now it seems that the first one to market, the COSMOS backed BTC, Etherium and bitcoin miner ETFS have been pulled from the market after less than stellar interest from investors.
From
The Evil Murdoch emire
Well, that didn’t take long. Despite the extravagant fuss over its bitcoin and ethereum ETFs – launched earlier this year – Cosmos Asset Management said on Wednesday it was delisting both products, in a move that seems an obvious reaction to a lack of investor interest.
A third fund, focused on bitcoin miners, would also be withdrawn, the company said.
According to its website, the bitcoin ETF held roughly $890,000 in assets under management as of October 31. Its ethereum product attracted $270,000 while the digital mining ETF, launched in September 2021, had a volume of $700,000.
Most of the article is puerile crap bagging Boyd , from a rival newspaper, for being a big supporter.
However, it did correctly call out Boyd for not disclosing early on that he held shares in Mawson Infrastructure, which until recently owned Cosmos and remains its largest shareholder.
Transparency is everything, even if your holding may be small.
Mick