Two crypto-related ETFs were the worst-performing in Australia for 2022

DEC 30, 2022

By JESSE COGHLAN

ETFs tracking crypto companies have seen significant drawdowns over the year as a result of major macroeconomic headwinds.

Cryptocurrency-related exchange-traded funds (ETFs) have taken the two top spots for the worst-performing ETFs in Australia for the year, with the same story playing out in the United States.

BetaShares Crypto Innovators ETF (CRYP) and Cosmos Global Digital Miners Access ETF (DIGA) have provided investors Down Under with respective negative returns of nearly 82% and 72% year to date (YTD) throughDec. 30.

BetaShares launched its ETF on the Australian Securities Exchange (ASX) in October 2021, mere weeks before most cryptocurrencies hit all-time highs that they’re yet to regain.

CRYP provides exposure to publicly listed blockchain and crypto companies such as Coinbase and mining company Riot Blockchain, among others. The largest current holding at 12.3% of its portfolio is Mike Novogratz's investment firm Galaxy Digital.

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