Cointelegraph claims that through December 30, 2022, the two platforms have given Australian investors negative returns of 82% and 72%, respectively, year to date.
According to Cointelegraph, two of the worst-performing exchange-traded funds (ETFs) in Australia this year were focused on cryptocurrencies.
According to Cointelegraph, Australian investors have received negative returns from BetaShares Crypto Innovators ETF (CRYP) and Cosmos Global Digital Miners Access ETF (DIGA) through December 30, 2022, valued at 82% and 72%, respectively.
Based on data from Cointelegraph, BetaShares announced their ETF on the Australian Securities Exchange in October 2021. (ASX). According to reports, CRYP raises awareness of publicly traded blockchain and cryptocurrency businesses including Coinbase and mining firm Riot Blockchain, among others. The Global Digital Miners Index is thought to have been used by Cosmos’ DIGA ETF to assess the performance of a portfolio of businesses based on mining Bitcoin or other cryptocurrencies. After a year, Cosmos requested the delisting of the ETF from Cboe along with two others that track BTC and Ether because of declining interest in cryptocurrencies, which caused the funds’ net asset values to drop below $1 million.
Additionally, according to data from ETF.com, Cointelegraph reported that the top four worst-performing crypto-focused ETFs were US-based. According to some estimates, the Viridi Bitcoin Miners ETF (RIGZ), which had a negative 87% YTD return, was the worst-performing crypto-based ETF.
