MAY 12, 2022
Gemini to Power Spot Bitcoin ETF in Australian Market First
Today, we are pleased to announce Gemini’s support for the Cosmos Purpose Bitcoin Access ETF (CBTC), among Australia’s first spot bitcoin ETFs. Powered by Gemini’s institutional-grade security and custody infrastructure, CBTC will provide Australian investors with regulated and secure access to spot bitcoin.
Offered by Cosmos Asset Management Pty Ltd (Cosmos AM) on the Cboe Australia stock exchange, CBTC will provide Australian investors access to the world’s largest spot bitcoin solution through a fund-of-funds structure that will hold the Canada-based Purpose Bitcoin ETF (BTCC) — the world’s first ETF to hold “physical bitcoin.” BTCC was launched by Purpose Investments Inc. in 2021 and is custodied by Gemini. The fund has an AUM of over $1.2 billion USD in crypto.
Cosmos AM’s partnership with Gemini and Purpose Investments Inc. will provide Australian investors with exposure to a highly liquid and regulated spot bitcoin ETF product.
We are thrilled to build our relationship with Cosmos AM, which has been a pioneer in providing Australian investors with access to crypto-related investment vehicles. In 2021, Cosmos AM, which was spun out of Nasdaq-listed Bitcoin miner Mawson Infrastructure Group Inc., introduced Australia’s first pure digital mining ETF, and has continued to engage Australian regulators on the topic of crypto.
Our partnership with Cosmos AM will continue to drive Gemini’s growing presence in Australia and the Asia Pacific region.
Gemini offers crypto services and infrastructure to a growing number of asset managers and traditional financial institutions across the world through Gemini Custody, Gemini Fund Solutions, and custom integrations with registered investment advisors and FinTech platforms. As a New York trust company and qualified custodian regulated by the New York State Department of Financial Services, one of the most sophisticated financial regulators in the world, the security of our clients’ assets is our top priority.
To learn more about our full-stack of institutional crypto offerings, we invite you to reach out to us here.
Onward and Upward!
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