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Cryptocurrency-focused exchange-traded funds (ETFs) earned two top spots for the worst-performing ETFs in Australia this year, as Cointelegraph reported.
BetaShares Crypto Innovators ETF (CRYP) and Cosmos Global Digital Miners Access ETF (DIGA) have provided Australian investors with negative returns of 82% and 72% respectively year-to-date (YTD) to December 30, according to Cointelegraph. 2022.
Based on information from Cointelegraph, in October 2021, BetaShares unveiled its ETF on the Australian Securities Exchange (ASX). According to reports, CRYP is increasing the recognition of publicly traded blockchain and crypto companies such as Coinbase and mining company Riot Blockchain, among others. Cosmos DIGA ETF is believed to have surveyed the performance of a portfolio of companies based on mining Bitcoin or other cryptocurrencies through the Global Digital Miners Index. After a year, Cosmos asked the ETF, along with two others that tracked BTC and Ether, to be delisted from Cboe due to declining crypto interest, causing net asset value to plummet. funds below one million dollars.
Additionally, Cointelegraph noted that US-based ETFs witnessed the four worst performing crypto-oriented ETFs, according to information from ETF.com. The worst-performing crypto-based ETF is believed to be the Viridi Bitcoin Miners ETF (RIGZ), which has reaped a negative 87% year-to-date return.
(With information from Cointelegraph)
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