CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-06-20 19:46:19

Australia’s First Bitcoin ETF Debuts on ASX with $1.3 Million Trading Volume

Australia’s leading stock exchange, the Australian Securities Exchange (ASX), saw the first Bitcoin exchange-traded fund (ETF) approved and commence trading, closing its debut day with $1.3 million (1.9 million Australian dollars) in trading volume. This figure falls short compared to the United States’ spot Bitcoin ETFs, which collectively amassed $4.5 billion in trading volume on their first day, averaging around $450 million per fund. VanEck, the investment firm behind the VanEck Bitcoin ETF (VBTC), expressed optimism about the potential growth of the product in Australia, despite the market size difference between the two countries. “Notwithstanding the Australian market being a

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.