As a long-time crypto aficionado, I constantly keep up with the latest and greatest developments in the crypto world. Crypto ETFs are coming out every day, and I'm always looking for the lowest fees and best portfolios – I’m confident these recommendations are currently the best options available in Australian markets.
Overall, our top pick for the best crypto ETF is Cosmos Global Digital Miners Access ETF (DIGA): It has a strong focus on the crypto mining industry and very low fees. There's not much variety in crypto ETFs in Australia, but based on its fees and its focus, Cosmos is the best option for Aussies.,
Here’s something you may not realize: the crypto ETF you choose matters. Your choice will impact how profitable your dividends are, and can be the difference between securing a steady income and having to pay huge management fees.
In Australia, there isn't too much variety when it comes to crypto ETFs—it's much easier to find a reliable Australian crypto exchange—though there are a few like VirgoCX, Coinbase or Binance. I’ve been investing in crypto for over 8 years now, so without further ado, here's my list of the best crypto ETFs Australia has to offer.
Why you should trust me
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ExperiencedI bought my first cryptocurrency (Bitcoin) in 2013, bought Ethereum in 2017, and have held active accounts with at least 5 exchanges since 2018.
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UnbiasedAll of my selections are supported by multiple data points, including crypto thought leaders, security experts, and TrustPilot reviews.
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Deep ResearchMy team and I spent more than 100 hours researching exchanges before choosing our top picks, and we update them almost daily as the industry continues to change.
1. Cosmos
Cosmos Global Digital Miners Access ETF (DIGA) was launched in late 2021, and is one of the first Crypto ETFs to reach the Australian stock market. It is available on the Cboe Australia Securities and Derivatives Exchanges and it tracks the Global Digital Miners Access Index.
DIGA primarily invests in the Bitcoin mining and infrastructure industry – it invest in companies like Marathon Digital Holdings Inc. (MARA:NASDAQ), which develops Bitcoin mining machines, and Core Scientific Inc. (CORZ:NASDAQ), which focuses on blockchain infrastructure, and software solutions.
Cosmos Global Digital Miners’ top holdings are Core Scientific Inc. (CORZ:NASDAQ), Marathon Digital Holdings Inc. (MARA:NASDAQ), Galaxy Digital Holdings Ltd (GLXY:TSX), and Riot Blockchain Inc. (RIOT:NASDAQ).
Features
- Ticker: DIGA
- Market Focus: Bitcoin mining
- Inception Date: October 28 2021
- Assets Under Management: $1 million
- Tracking Index: Global Digital Miners Access Index
- Listed On: Cboe Australia (CXA)
Fees
- Management Fees: 0.65% per year
- Market Price: $1.3
Best For
Investors looking for access to the Bitcoin-mining and blockchain-developing industry.
2. 21Shares (EETH)
ETFS 21Shares Ethereum ETF (EETH) was launched in May 9 2022, alongside its Bitcoin equivalent EBTC, also launched by 21Shares. This ETF – EETH – focuses exclusively on one asset: the Ethereum cryptocurrency (ETH).
Similar to other ETFs that track commodities like gold, EETH holds physical ETH in secure storages. 21Shares uses cold storage services provided by Coinbase, one of the largest cryptocurrency exchanges in the world, to store the Ethereum assets offline.
One of the major benefits of investing in this ETF instead of the underlying crypto assets is that you don’t have to worry about hacks or losing access to your digital wallet. By the end of the first day of launching this ETF, it reached $8 million in assets under management.
Features
- Ticker: EETH
- Market Focus: Ethereum (ETH)
- Inception Date: 09 May 2022
- Assets Under Management: $2.6 million
- Tracking Index: Ethereum spot price
- Listed On: Cboe Australia (CXA)
Fees
- Management Fees: 1.25%
- Market Price: $3,100.0
Best For
Investors looking for access to the Ethereum (ETH) cryptocurrency.
3. 21Shares (EBTC)
The ETFs 21Shares Bitcoin ETF (EBTC) was launched on May 9 2022, alongside one of the other crypto ETFs on this list: EETH. The main difference between these two is that EBTC tracks the price of Bitcoin. It is available on the Cboe: Australia Exchange.
EBTC stocks are completely backed by physical Bitcoin, which is held securely in Coinbase’s offline vaults. As of May 2022, it has over $8.7 million in Assets Under Management (AUM) and an annualized Management Fee of 1.25%.
If you don’t want to worry about hacks or remembering secure passphrases to hold your crypto, you might want to consider this type of ETF – with these ETFs, you don’t have to worry about any of that, Coinbase keeps them secure for you.
Features
- Ticker: EBTC
- Market Focus: Bitcoin (BTC)
- Inception Date: 09 May 2022
- Assets Under Management: $8.7 million
- Tracking Index: Bitcoin spot price
- Listed On: Cboe Australia (CXA)
Fees
- Management Fees: 1.25%
- Market Price: $4.21
Best For
Investors looking for direct exposure to the Bitcoin (BTC) cryptocurrency.
