The first Bitcoin ETF on Australia’s main stock exchange traded 96,476 shares throughout the day.
The first Bitcoin (BTC) exchange-traded fund (ETF) approved for Australia’s main stock exchange, the Australian Securities Exchange, closed its first day of trading with $1.3 million in trading volume.
It’s far below the debut trading day for the United States’ spot Bitcoin ETFs, which saw $4.5 billion of total trading volumes on the first day across ten funds, averaging around $450 million each.
Investment firm VanEck, the issuer of the VanEck Bitcoin ETF (VBTC) told Cointelegraph earlier it is optimistic that the product will see similar growth to spot Bitcoin ETFs in the United States, despite the market size difference.
