product-header-bitcoin

CBTC

Cosmos-Purpose Bitcoin Access ETF

$0.95M

ASSETS UNDER MANAGEMENT

$6.3388

MOST RECENT NAV

-0.49%

DAILY RETURN

-0.77%

MONTH TO DATE

As at 12 August 2022 AEST

Overview

Access a piece of history through the Cosmos-Purpose Bitcoin Access ETF (exchange code: CBTC) provides investors with a convenient way to gain access to the world’s first spot Bitcoin ETF—the Purpose Bitcoin ETF listed on the Toronto Stock Exchange. An investment in CBTC gives investors exposure to the price movements of Bitcoin through Purpose's direct investment in spot Bitcoin.

Store of value

Considered as digital gold, Bitcoin is considered by many as store of value.  Bitcoin has a fixed supply of 21 million coins, which ensures they are an asset with a finite supply.  With a near lifespan and ever-increasing demand, Bitcoin stands to offer an exceptional store of value.

Clear ownership and tax statements

We provide unitholders with clear and concise statements that provide complete clarity on what units you hold. You also receive annual tax statements, enabling you to account for your investment taxes. 

No wallets required

Digital wallets, keys, converting to fiat? Skip the hassle of managing security or self -custody to gain access to the Bitcoin asset class.

Simple to trade

An investment in Cboe: CBTC gives investors exposure to the price movements of Bitcoin through Cboe: CBTC’s direct investment in the world’s first spot Bitcoin ETF, with a proven track record, without the hassle and complications of investing in Bitcoin directly.

Key Features

Investment objective

Cboe: CBTC provides an investment return (before taking into account fees, costs and tax) that approximately tracks the performance of the USD denominated ETF non-currency hedged units in the Purpose Bitcoin ETF.
The Purpose Bitcoin ETF is quoted on the Toronto Stock Exchange (TSX) and has been established to buy and hold substantially all of its assets in long-term holdings of Bitcoin and seeks to provide investors with the opportunity for long-term capital appreciation.

Digital Asset Reference Rate

Trade Block 

Live BTC/AUD Rate

Trading Information

Exchange Code

CBTC

Bloomberg Code

CBTC AU

IRESS Code

CBTC.CXA

ISIN

AU0000218794

Trading Hours

10:00am – 4:00pm (AEST)

Market Maker

Jane Street

Unit Price of BTCC.U

USD 4.5000

NAV of BTCC.U

USD 4.5009

Benchmark of BTCC.U (index as of 4pm ET)

USD 24,191

BTCC.U Historical NAV vs. BTC Return

Chart data sourced from Toronto Stock Exchange and CoinDesk XBX Index The chart provides a representation of the cumulative daily net gain or loss measured in percentage points of the Purpose Bitcoin ETF USD (BTCC.U) and its respective valuation price, the CoinDesk XBX Index “XBX”. The ETF’s bitcoin is valued using the 4:00PM price of the CoinDesk XBX Index maintained by TradeBlock, a subsidiary of CoinDesk. BTCC.U price data is provided by the Toronto Stock Exchange (TSX), representing the Purpose Bitcoin ETF. All prices reflected are measured in USD. Purpose Investments Inc, its data or content providers, the financial exchanges and each of their affiliates and business partners (A) expressly disclaim the accuracy, adequacy, or completeness of any data and (B) shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon.

Performance

As at 12 August 2022 AEST

$0.95M

ASSETS UNDER MANAGEMENT

$6.3388

MOST RECENT NAV

-0.49%

DAILY RETURN

-0.77%

MONTH TO DATE​
Fund (AUD) BTCC.U (AUD) BTCC.U (USD) XBX Index (USD)*
1 Month
18.32%
18.29%
24.64%
24.81%
3 Months

-

-

-

-

1 Year

-

-

-

-

3 Year

-

-

-

-

5 Year

-

-

-

-

Since Inception of CBTC
-19.66%
-19.93%
-17.73%
-17.39%

Past performance is not an indicator of future performance. The inception date of the Cosmos-Purpose Bitcoin Access ETF is 12 May 2022. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units in the Fund. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown. CBTC provides an investment return (before taking into account fees, costs and tax) that approximately tracks the performance of the USD denominated ETF non-currency hedged units in the Purpose Bitcoin ETF(BTCC.U). BTCC.U’s performance is provided in both USD and AUD (using NY 4pm FX rate struck by State Street). Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

The net asset value, or NAV, of the CBTC is calculated by valuing  the BTCC.U holding (measured by Purpose at 4pm Eastern Standard Time) to AUD using the AUD/USD exchange rate (measured by Reuters at 4pm Eastern Standard Time – WM16) plus any applicable income and less any applicable fees.  Dividing the NAV of CBTC by the outstanding units on issue gives the NAV per unit, which is the “Most Recent NAV” figure quoted on the website.

*BTCC.U (the Purpose Bitcoin USD ETF) tracks the XBX Index-CoinDesk’s XBX Index represents a real-time, USD-equivalent spot rate for Bitcoin. The index value is algorithmically calculated once every second based on observed trading activity on leading Bitcoin exchanges. The index has been in operation since April 2014 and was launched publicly on November 3, 2014.

Cosmos, its data or content providers, the financial exchanges and each of their affiliates and business partners (A)expressly disclaims the accuracy, adequacy, or completeness of any data and (B) shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon.

Fund Profile

Net Assets ($A)

$0.95M

Units outstanding

150,000

Management cost

Management Fee

0.00%

Indirect Costs

1.25%

Distribution Reinvestment Plan (DRP)

Yes

Issuer

K2 Asset Management Ltd, ABN 085 445 094, AFSL 244393

Investment Manager

Cosmos Asset Management Pty Ltd
ABN 34 639 356 068 / CAR No 001281643

Fund Administrator

State Street Australia Ltd

Custodian

State Street Australia Ltd

Registry

Automic

Historical NAV

Holdings

Name Ticker Weight Country/Exchange
Purpose Bitcoin ETF
BTCC.U
100%
Toronto Stock Exchange
Cash

-

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit Annual Distribution Return

Announcements

Date Description File
PDF

K2 Asset Management Ltd (ABN 95 085 445 094; AFSL 244393) (K2) is the responsible entity and issuer of the Cosmos Purpose Bitcoin Access ETF ARSN 640 781 693 (CBTC). CBTC has been registered by the Australian Securities and Investments Commission (ASIC) and the units in CBTC are quoted for trading on Cboe Australia exchange. K2 has reissued a Replacement Product Disclosure Statement dated 27 April 2022 (PDS) for CBTC with ASIC, a copy of which is available under “Documents”.  K2 has made a Target Market Determination (TMD), which describes the class of consumers that comprises the target market for units in CBTC.  A copy of the TMD is also available under “Documents”. Investors should consider the PDS and the TMD before deciding whether to invest in CBTC or continue to hold units in CBTC.